{"id":16520,"date":"2017-11-08T04:59:48","date_gmt":"2017-11-07T18:29:48","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=16520"},"modified":"2017-11-08T04:59:48","modified_gmt":"2017-11-07T18:29:48","slug":"american-electric-power-solar-mb0292","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/american-electric-power-solar-mb0292\/","title":{"rendered":"American Electric Power’s Solar And Wind Energy Splurge"},"content":{"rendered":"

\"American<\/p>\n

It may not be squeaky clean and green, but American Electric Power (AEP) has and will continue to make solid inroads into cutting carbon emissions, with some help from wind and solar power.<\/p>\n

AEP is one of the largest electricity utilities in the USA, with close to 5.4 million customers in 11 states. The company has approximately 26,000 megawatts of generating capacity and more than 64,000 kilometres of transmission lines.<\/p>\n

AEP announced last week it expects to invest USD$1.8 billion in new renewable energy generation from next year to the end of 2020.<\/p>\n

The USD $1.8 billion in investments doesn’t include ae proposed $4.5 billion wind power project in Oklahoma. The Wind Catcher Energy Connection Project will be a 2,000-megawatt facility capable of delivering 9 million megawatt-hours of clean electricity annually.<\/p>\n

Nicholas K. Akins, AEP chairman, president and chief executive officer, said<\/a> in addition to Wind Catcher, the company has 3,570 megawatts of wind and solar generation in the pipeline; projects that will be constructed over the next seven years.<\/p>\n

Looking further ahead and according to the company’s web site<\/a>, it will have added 2,405 megawatts of solar capacity between 2018 and 2030, and 4,895 megawatts of wind power. As at April this year, its renewables portfolio consisted of 4.16 GW capacity. Among its current solar portfolio is the 50MW Boulder Solar II facility in Nevada. Built by SunPower<\/a>, the solar farm began commercial operation in January 2017.<\/p>\n

While AEP has retired about 25 percent of its coal-fired generating capacity, it still sees a future for the little black rock and has been spending a bundle of cash on making its coal fleet comply with tighter environmental regulations – approximately USD $8.7 billion between 2000 and 2017.<\/p>\n

The Trump Administration is repealing<\/a> previous president Barack Obama’s Clean Power Plan, but AEP says that won’t change its focus on meeting the needs and expectations of its customers.<\/p>\n

” That includes diversifying our resource mix and investing in renewable generation and other innovations that increase efficiency and reduce emissions,” states the company<\/a>. “We also believe that regardless of the outcome of legal challenges to the Clean Power Plan (CPP), it is likely there will be some form of carbon regulation in the future.”<\/p><\/blockquote>\n

AEP reports its CO2 emissions decreased 9% between 2015 and 2016, primarily due to it retiring coal generators; with other factors including cheaper natural gas, increased use of renewables and slowing load growth. The company has reduced emissions 44 percent compared with 2000 and this year, it estimates CO2 emissions will be further reduced to 56 percent below 2000 levels.<\/p>\n","protected":false},"excerpt":{"rendered":"

It may not be squeaky clean and green, but American Electric Power (AEP) has and will continue to make solid inroads into cutting carbon emissions, with some help from wind and solar power.<\/p>\n","protected":false},"author":17,"featured_media":16521,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-16520","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"\nAmerican Electric Power's Solar And Wind Energy Splurge<\/title>\n<meta name=\"description\" content=\"While it won't be cutting free from coal, 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In 2021, up to 1,200 gigawatts of existing coal power capacity could cost more to operate than new utility-scale solar power costs to install states a\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Renewable Power Generation Costs In 2019: IRENA","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/06\/irena-renewables-coal.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/06\/irena-renewables-coal.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/06\/irena-renewables-coal.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/06\/irena-renewables-coal.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/06\/irena-renewables-coal.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":17174,"url":"https:\/\/www.solarquotes.com.au\/blog\/solar-wind-pilbara-mb0335\/","url_meta":{"origin":16520,"position":3},"title":"6GW Wind And Solar Power Facility For Western Australia’s Pilbara","author":"Michael Bloch","date":"November 30, 2017","format":false,"excerpt":"A consortium has announced a proposed wind and solar power plant of up to 6 gigawatts capacity in Western Australia's East Pilbara region that will export electricity to Indonesia. As we mentioned earlier today, demand for electricity in Indonesia is growing rapidly. The country has set a renewable energy target\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Asian Renewable Energy Hub (AREH)","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/asian-renewable-energy-hub.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/asian-renewable-energy-hub.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/asian-renewable-energy-hub.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/asian-renewable-energy-hub.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":17655,"url":"https:\/\/www.solarquotes.com.au\/blog\/cefc-solar-1gw-mb0368\/","url_meta":{"origin":16520,"position":4},"title":"CEFC Clocks Up 1GW+ Of Large-Scale Solar Investments","author":"Michael Bloch","date":"December 15, 2017","format":false,"excerpt":"Australia's Clean Energy Finance Corporation is finishing the year on a strong note, committing $207 million in debt finance to accelerate the development of two large-scale solar farms. The two projects are the Wemen Solar Farm in Victoria and the Clermont Solar Farm in Queensland. The developer of both facilities\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Solar Power - Clean Energy Finance Corporation","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/12\/cefc-solar-power.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/12\/cefc-solar-power.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/12\/cefc-solar-power.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/12\/cefc-solar-power.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":15972,"url":"https:\/\/www.solarquotes.com.au\/blog\/kennedy-energy-park-mb0257\/","url_meta":{"origin":16520,"position":5},"title":"Construction To Commence on Queensland’s Kennedy Energy Park","author":"Michael Bloch","date":"October 19, 2017","format":false,"excerpt":"Construction is set to begin on the $160 million Kennedy Energy Park; the first large scale solar power, wind and battery hybrid project to be connected to the grid in Australia. Windlab Limited announced yesterday the project has reached financial close after securing financing from the Clean Energy Finance Corporation\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Kennedy Energy Park - Queensland","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/10\/kennedy-energy-park.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/10\/kennedy-energy-park.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/10\/kennedy-energy-park.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/10\/kennedy-energy-park.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/16520","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=16520"}],"version-history":[{"count":1,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/16520\/revisions"}],"predecessor-version":[{"id":16522,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/16520\/revisions\/16522"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/16521"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=16520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=16520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=16520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}