Opdenergy and AEP Energy have signed a Power Purchase Agreement to provide 100% clean energy in USA

31/03/2021

  • The parties have signed a 12-year Power Purchase Agreement (PPA), through which Opdenergy will develop an 80 MWac (92 MWp) photovoltaic plant located in Jefferson County, West Virginia
  • The project will be operational by the end of 2022
  • This initiative confirms Opdenergy's successful experience as a trusted partner for this type of contracts around the world

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Opdenergy and AEP Energy have signed a Power Purchase Agreement to provide 100% clean energy in USA

Madrid, 31 March 2021. Opdenergy, Independent Power Producer with extensive experience in development, financing, EPC and operation of renewable assets, has announced it has signed a Power Purchase Agreement with AEP Energy Partners (AEPEP), a subsidiary of American Electric Power (Nasdaq: AEP).

Under the terms of the 12-years agreement, Opdenergy will develop an 80 MWac (92 MWp) photovoltaic plant in Jefferson County, West Virginia, and together with AEP will provide 100% clean energy. The energy will be used to supply AEP Energy customers through the company’s Integrated Renewable Energy (IRE) solution – a long-term, fixed retail price energy option which supports new, locally-sourced wind and solar projects.

The plant is expected to be connected by the end of 2022. Once operational, it will generate more than 153,000MWh per year of clean energy.

Luis Cid, CEO of Opdenergy, stated, “we are very excited to sign this agreement with such a great partner in the US as AEP Energy. This project will be a very positive endeavor for both companies and the local community. We will continue to work to increase our position in a market as important as the United States and to contribute to the implementation and development of clean energy in the country.”

“AEP Energy is proud to partner with Opdenergy to add to our growing portfolio of renewable energy resources. This project will ensure we can continue to deliver clean, reliable energy to customers who have chosen our IRE solution, while also providing valuable economic benefits to the eastern panhandle of West Virginia,” said Greg Hall, president of AEP Energy.

 

For further information:

Press Office – KREAB

Óscar Torres

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Tlf. +34 91 702 71 70 / +34 685 929 026

Mónica Pastor

mpastor@kreab.com

Tlf. +34 91 702 71 70 / +34 691435500

Eva Tuñas

etunas@kreab.com

Tlf. +34 91 702 71 70