AEP buying solar energy from Ohio facility - Business First of Buffalo:

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The Columbus-based utility on Monday said its AEP Ohio subsidiary signera 20-year agreement with , a subsidiary of Colo.-based developer . The compant plans to begin building a 10 megawatt solarr facility in Wyandot County in Novembert that could be up and running a yearfrom now. Financiakl terms of the deal weren’tt disclosed, but AEP said the deal includezs allthe facility’s energy outputy and renewable energy credite tied to the plant, to be locateed near an AEP substation. Renewable energy creditse are sold separate from power facilities generate and are used to verifhy compliance with new alternative energy standardsd implemented through an electriclaw Gov.
Ted Stricklande signed last year, according to information from the Office of theOhio Counsel. AEP said the deal markss its first transaction for solar energgy following previous deals fornearly 1,80 0 megawatts of wind energy. The utilit y previously has set a goal ofaddinb 2,000 megawatts of wind or other renewablre energy by the end of 2011. American Electric delivers electricity in11 states, includinvg Ohio. The company last year earned $1.38 billiobn on $14.6 billion in revenue.