AEP Energy

Digest (Sept 2014)

Duke Energy Progress agreed to purchase $1.2 billion in generating assets from North Carolina Eastern Municipal Power Agency; ABB won a $400 million order that would create the first electricity link between Newfoundland and the North American power grid; Siemens Energy secured an order for a total capacity of 36 MW in Germany; NextEra Energy Partners’ Bluewater Wind Energy Center in Ontario began commercial operation; the Department of Energy took the first step toward issuing a $150 million loan guarantee to support construction of the Cape Wind offshore wind project; and others ...

AEP Energy Begins Installation of 101-kW Solar Array at Ohio State University

AEP Energy began installation of a 101-kW solar array on the roof of The Ohio State University's Student Life Recreation and Physical Activities Center (RPAC). AEP Energy will fund, build, own and operate the approximately 10,000-square-foot array, made up of 367 solar panels. The solar array is valued at approximately $400,000, and the electricity produced by the array – approximately 116,000 kWh annually – will be supplied to Ohio State at a rate of $.04 per kWh throughout the next eight years.