Smart Grid Observer

AEP's Clean Energy Strategy Projected To Achieve Significant Future Carbon Dioxide Reductions

0

Source: Smart Grid Observer

Company strategy will cut carbon dioxide emissions 60 percent from 2000 levels by 2030; 80 percent from 2000 levels by 2050

February 7, 2018 --

American Electric Power recently released a report outlining the company’s strategy for a clean energy future. The strategy includes new carbon dioxide emission reduction goals and investments in renewable resources and advanced technologies to enhance the efficiency of the power grid.

In the report, AEP outlines a business strategy that will lead to reductions in carbon dioxide emissions from its power plants of 60 percent from 2000 levels by 2030 and 80 percent from 2000 levels by 2050.

AEP’s resource plans include adding 3,065 megawatts (MW) of solar generation and 5,295 MW of wind generation to the portfolio serving its regulated utility customers by 2030. AEP’s largest planned renewable energy investment is the $4.5 billion, 2,000-megawatt Wind Catcher Energy Connection project in Oklahoma. If approved, Wind Catcher will be the largest contiguous wind farm in the U.S. and will deliver nearly 9 million megawatt-hours of low-cost wind energy annually to AEP customers in Oklahoma, Arkansas, Louisiana and Texas. Wind Catcher approval would accelerate how quickly AEP can add new wind generation to its portfolio.

AEP also is investing in renewable energy in competitive markets. Between 2018 and 2020, the company plans to invest approximately $1.2 billion in contracted renewables and renewables integrated with energy storage.

To enhance the efficiency and resiliency of the energy delivery system, AEP’s strategy includes plans to invest nearly $13 billion over the next three years in its transmission and distribution system.

For full details, click here

---------------------------------------------------------------------------

Also of Interest from SGO

Customer comments

No comments were found for AEP's Clean Energy Strategy Projected To Achieve Significant Future Carbon Dioxide Reductions. Be the first to comment!