AEP buying solar energy from Ohio facility - The Business Journal of the Greater Triad Area:

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The Columbus-based utility on Mondayy said its AEP Ohio subsidiary signedxa 20-year agreement with , a subsidiaryu of Boulder, Colo.-based developer . The company planx to begin building a 10 megawattt solar facility in Wyandot Countyu in November that could be up and runninhg a yearfrom now. Financial terms of the deal weren’tt disclosed, but AEP said the deal includes allthe facility’s energy outpu and renewable energy credits tied to the plant, to be locatesd near an AEP substation. Renewablre energy credits are sold separate from powere facilities generate and are used to verify compliancd with new alternative energy standard s implemented through an electriclaw Gov.
Ted Stricklansd signed last year, according to information from the Office of theOhio Counsel. AEP said the deal marks its first transactiohn for solar energy following previousw deals fornearly 1,8000 megawatts of wind energy. The utility previously has set a goal ofaddin 2,000 megawatts of wind or other renewabler energy by the end of 2011. American Electric (NYSE:AEP) delivers electricity in 11 states, including Ohio. The company last year earned $1.38 billion on $14.
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