Southwestern Electric Power (SWEPCO), a subsidiary of American Electric Power (AEP), is seeking approval to acquire three renewable energy projects from the utility regulators of Arkansas, Louisiana, and Texas. The company aims to acquire Mooringsport, a 200MW solar farm in Caddo Parish, Louisiana; and Diversion, a 200.6MW wind facility in Baylor County, Texas. SWEPCO also seeks to purchase Wagon Wheel, a 598.4MW wind farm in Garfield, Kingfisher, Logan, Payne, and Noble counties in Oklahoma. The three projects will be developed by Invenergy and represent a $2.2bn investment in ‘clean, cost-effective’ resources.
As a part of its long-term strategy, SWEPCO aims to ensure that more than one-third of its Southwest Power Pool (SPP) accredited capacity is from renewable energy sources. SWEPCO president and chief operating officer Malcolm Smoak said: “SWEPCO’s analysis of our generation needs showed that the lowest cost, best value option for capacity was adding wind and solar resources.
A5.03/06/2022