SWEPCO appears to be like to purchase as much as 2,400 megawatts in wind, photo voltaic farms
Southwestern Electrical Energy Co. (SWEPCO), a utility of Columbus, Ohio-based American Electrical Energy (AEP), desires to buy as much as 1,900 megawatts of wind assets and as much as 500 megawatts of photo voltaic assets, in response to a Thursday (Sept. 29) information launch.
SWEPCO has requested bids to amass wind and photo voltaic technology assets. The deadline for the proposals is Nov. 17.
Wind assets should be at the least 100 megawatts, and photo voltaic assets should be at the least 50 megawatts. All tasks should interconnect to the Southwest Energy Pool and be situated in Arkansas, Louisiana, Texas, Oklahoma, Kansas or Missouri.
Based on the proposal request, the industrial operation for the photo voltaic and wind assets could be no later than Dec. 1, 2026, with a desire of being operational by Dec. 1, 2025. The tasks would want regulatory approval in Arkansas, Louisiana, Texas and the Federal Power Regulatory Fee. Nevertheless, like in earlier tasks, if one state doesn’t approve the undertaking, the opposite states may improve the quantity of technology allotted for them, in response to a presentation on the brand new proposal request.
Hyperlink right here for extra info on the proposal request.
The request comes two days after SWEPCO introduced rising charges for Arkansas clients. It was the second time in 4 months that the utility introduced a price rise.
In Might, SWEPCO sought regulatory approval to buy 999 megawatts of wind and photo voltaic assets after in search of proposals for as much as 3,300 megawatts of renewable assets. Based on the brand new proposal request presentation, the regulatory course of for these assets is predicted to be accomplished within the second quarter of 2023.
SWEPCO has greater than 543,000 clients in three states, together with Arkansas.