Opdenergy signs REPA with AEP Energy for Virginia solar plant

virginia

Opdenergy has closed on a new renewable energy purchase agreement (REPA) in the United States with AEP Energy, a subsidiary of American Electric Power. Under the 15-year PPA, Opdenergy will develop a solar PV plant with an installed capacity of 63 MWdc in Clarke County, Virginia. AEP Energy will acquire 100% of the energy generated by this project. This new agreement ratifies Opdenergy’s commitment to consolidate its growth in the renewable energy sector in this country.

The company recently closed another REPA with AEP Energy to build a 100 MWdc PV plant in Jefferson County, West Virginia, which will supply clean energy to AEP Energy’s customers for 12 years. Both agreements with AEP Energy, along with another PPA signed at the end of 2020, amount to 253 MWdc of signed energy purchase agreements in the country. Opdenergy continues to actively develop renewable assets in the United States, through its total pipeline of 2,5GW in different stages of advancement.

Luis Cid, CEO of Opdenergy, stated: “Currently, the United States represents a great opportunity for renewable energies and Opdenergy is very well positioned to take advantage of it and boost the company’s growth in this market. We are very excited to sign this new agreement with AEP Energy. After years working with the aim of being a key player in the development and implementation of clean energies in the energy mix of the countries in which we are present, we can confirm that we are on the right track with this new milestone. Opdenergy is committed to continue developing projects like this one in order to fight against climate change and build a more sustainable future at a global level.”

Greg Hall, Executive Vice President, Energy Supply, said: “AEP Energy is committed to working with our customers to deliver custom energy solutions that fit their unique needs and goals. This solar project in Virginia will enable us to continue providing the clean, reliable energy our customers expect. We look forward to our continued partnership with Opdenergy as we work together to build a clean energy future.”

Opdenergy continues to work at a good pace to advance the development of this new PV plant in the United States and expects to reach RtB in 2023 while the connection to the grid is expected to be fulfilled during H1-2024. Once operational, it will generate close to 112 GWh of clean energy per year.

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