Our vision for a clean energy future focuses on promoting and investing in regulated and contracted renewables. As renewable resources become more affordable due to advances in technology and support from federal tax credits, we see these clean options capturing larger shares of our integrated resource plans (IRPs).
Our transition to a clean energy future is tied to our investment strategy. From 2021 through 2025, we plan to invest $37 billion in capital, with the bulk allocated to regulated businesses and renewables. We plan to invest 14% of our capital through 2025 in renewable energy within and outside our traditional service territory. This includes $2.8 billion planned for investment in regulated renewable generation and $2.1 billion in competitive, contracted renewables.
By 2030, our current resource plans call for our regulated utilities to add up to 5,910 MW of solar, up to 10,685 MW of wind and 2,266 MW of natural gas. We expect renewables will represent 51% of our generating resource mix by 2030.
AEP Energy Supply, which includes AEP’s competitive businesses, Energy Partners, AEP Renewables, AEP Energy and AEP OnSite Partners, provides commodity or asset solutions where allowed nationwide. Synergies among our subsidiary companies offer customers custom energy solutions ranging from energy supply to technology, sustainability and advisory services. We own, operate and support behind-the-meter projects and utility-scale renewable projects, as well as third party renewable assets/projects.
Investing in transmission lines and substations is critical to enabling the nation’s renewable energy strategy. From 2021 through 2025, we expect to allocate 72% of our capital investments to modernize the energy grid and enhance reliability and resilience. Our experience, skillsets, assets and resources serve as the backbone and integrator of renewables. By adding and applying new technologies to optimize distribution and transmission networks, we will be better equipped to continue delivering reliable and affordable clean energy to our customers. Learn more about our grid investments in the Reliability & Resilience section.