Apex Clean Energy and AEP Energy Announce 240 MW PPA
Charlottesville, VA & Columbus, OH – January 29, 2020 – AEP Energy, a wholly owned subsidiary of American Electric Power (NYSE: AEP), and Apex Clean Energy today announced a long-term power purchase agreement that will supply AEP Energy with clean power from Emerson Creek Wind, located in Erie and Huron Counties, Ohio. The 240 MW transaction is the largest physical PPA for a wind project serving load in the PJM market and will be used by AEP Energy to serve contracted loads within PJM.
“With this milestone for Emerson Creek Wind, Ohio is one step closer to realizing the extensive benefits of wind energy by stimulating significant local economic investment and satisfying consumer and corporate demand,” said Mark Goodwin, Apex Clean Energy president and CEO. “Partnering with like-minded organizations such as AEP Energy allows Apex to help serve customers who are leading the transition to a clean energy economy and, with them, take strides toward decarbonizing the grid at scale.”
Emerson Creek Wind, which will be operational in late 2021, will also provide significant economic benefits for the local and state economies. The project will create more than 100 short-term construction jobs and 10 long-term operations positions, as well as generate approximately $40 million in landowner payments and $70 million in tax revenue for Ohioans.
AEP Energy will use the power from Emerson Creek to serve customers who want clean energy for their retail supply—including Google, the largest corporate purchaser of renewable energy in the world. The Emerson Creek project will contribute a renewable source of power for Google’s recently announced New Albany data center, which AEP Energy will supply and match the load with 100% renewable energy from new resources.
“This power purchase agreement with Apex enables us to provide our customers with an integrated, carbon-free energy supply that delivers long-term price stability and environmental benefits. Agreements like these demonstrate the innovative energy solutions we can put in place to help our customers power their homes and businesses with clean, cost effective, reliable energy,” said Greg Hall, president, AEP Energy.
This PPA represents Apex’s third major transaction with AEP, including a 200 MW PPA signed between the Public Service Company of Oklahoma, an AEP subsidiary, and the Apex-developed Balko Wind project in 2013.
About Apex Clean Energy
Apex Clean Energy develops, constructs, and operates utility-scale wind and solar power facilities across North America. Our mission-driven team of more than 200 renewable energy experts uses a data-focused approach and an unrivaled portfolio of projects to create solutions for the world’s most innovative and forward-thinking customers. For more information on how Apex is leading the transition to a clean energy future, visit www.apexcleanenergy.com or follow us on Facebook, Twitter, and LinkedIn.
About AEP Energy
AEP Energy, a subsidiary of American Electric Power (NYSE: AEP), is a certified competitive retail electricity and natural gas supply provider operating in 28 service territories in six states and Washington, D.C. AEP Energy supplies electricity and natural gas solutions for more than 450,000 residential and business customers and takes pride in making it easy for customers to buy, manage and use energy. Based in Columbus, Ohio and Chicago, Illinois, AEP Energy is committed to excellence by serving customers with value, innovation and many years of industry experience.
Apex Clean Energy
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