AEP Sustainability - Renewables

Renewables

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.

Recent Headlines


Invenergy and AEP Renewables Solar Project Lights Up Las Vegas Strip

Invenergy, a leading privately-held global developer and operator of sustainable energy solutions, and AEP Renewables, a subsidiary of American Electric Power (AEP), today announced the start of commercial operations at the 100-megawatt MGM Resorts Mega Solar Array project in Nevada. The project supports the renewable energy goals of MGM Resorts International, supplying up to 90% of MGM Resorts’ daytime power needs at its 13 Las Vegas Strip properties.

SWEPCO Issues Requests for Proposals for Purchase of Wind, Solar and Short-term Generation

Southwestern Electric Power Co. (SWEPCO), a subsidiary of American Electric Power, today issued three Requests for Proposals (RFP) for renewable and short-term generating capacity to supply the needs of its customers.

20 Megawatt St. Joseph Solar Farm Unveiled Today; Local Clean Energy Now Flowing

Today the Michiana area is greener. That’s because the St. Joseph Solar Farm, developed by Indiana Michigan Power (I&M), a subsidiary of American Electric Power, in partnership with the University of Notre Dame, is now generating emission-free renewable energy. 

AEP Energy and Global Energy Generation Execute Solar Power Purchase Agreement in PJM

AEP Energy, a subsidiary of American Electric Power and one of the largest electric energy wholesale and retail suppliers in the U.S., and Global Energy Generation LLC (Doral LLC), a leading developer of renewable energy projects, primarily in the Midwest and Mid-Atlantic regions, announced today that they have signed a long-term renewable energy purchase agreement for the Mammoth Solar project in Indiana.

SWEPCO Issues Draft Requests for Proposals for Purchase of Wind, Solar and Short-term Generation

Southwestern Electric Power Co. (SWEPCO), a subsidiary of American Electric Power, today submitted an informational filing to the Louisiana Public Service Commission, including three draft Requests for Proposals (RFP) for renewable and economic generating capacity to supply the needs of its customers.

AEP Energy to Provide 100 Percent Clean Energy to Crown Battery

AEP Energy, a subsidiary of American Electric Power, has signed an agreement with the Fremont, Ohio-based Crown Battery Manufacturing Company to provide clean energy through the company’s Integrated Renewable Energy (IRE) solution.


Our stakeholders’ demand for clean energy drives our renewable energy portfolio growth. We listen to their needs and develop energy solutions that are right for them. Regulatory support in our jurisdictions is vital to our clean energy resource investments. As renewable resources are becoming more cost-competitive compared with other forms of generation, we see growth of renewable penetration within the Regional Transmission Organizations (RTOs). As a result, RTOs have been required to both clarify and reconsider some of their rules to accommodate the growth of renewable generation, which is an intermittent resource.

North Central Wind Energy Facilities Project

In 2020, Southwestern Electric Power Company (SWEPCO) and Public Service Company of Oklahoma (PSO) received approvals needed to acquire North Central Wind Energy Facilities in Oklahoma. The approximate $2 billion investment will deliver 1,485 MW of clean, renewable energy to customers in Arkansas, Louisiana and Oklahoma. The project is expected to save our customers an estimated $3 billion over the next 30 years. It will also support local and regional economic and business development while helping our customers achieve their renewable energy goals.

Distributed Energy Resources

Distributed Energy Resources (DERs) include technologies such as solar panels, wind turbines and battery storage systems. DERs can provide a self-sufficient generation resource that can be isolated from the rest of the grid in the event of an outage. AEP is increasingly evaluating DERs to provide cost-effective solutions, at times of peak demand. Learn more about technology investments that are enabling the usage of DERs in the Energy Technology section.

We support our customers who are installing their own DERs and seek rates that accurately reflect the true cost to serve them. We launched a new easy-to-use solar calculator providing residential customers with accurate and objective information on the benefits and costs of rooftop solar energy. With information from the solar calculator, customers can make fully informed decisions about their options. In only a few minutes, they will better understand their home’s solar potential through a personal assessment.