AEP Ohio to buy 50 MW of solar energy from Turning Point Solar

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Columbus, Ohio, October 6, 2010 — AEP Ohio, a unit of American Electric Power, joined with Turning Point Solar LLC, a joint venture of Agile Energy Inc. and New Harvest Power, to announce a commercial solar development.

Turning Point will develop a 49.9-MW solar generating facility on about 500 acres in southeastern Ohio. The project is expected to bring about 600 permanent and construction jobs to Ohio through Turning Point’s negotiations with Prius and Isofoton, solar equipment manufacturers from Spain, to supply solar modules and solar trackers for the project from facilities constructed in the state.

It is estimated that 300 jobs would be new, permanent positions created at those facilities, while the remaining 300 jobs would be related to construction. AEP Ohio will negotiate a long-term power purchase agreement for the energy from the project.

AEP Ohio entered into a memorandum of understanding to negotiate a long-term power purchase agreement for solar energy with Turning Point Solar.

If executed as expected, AEP Ohio would purchase through a 20-year agreement all of the output, including renewable energy credits, from the 49.9-MW solar generating facility to be located in southeastern Ohio, on about 500 acres including reclaimed lands owned by AEP Ohio adjacent to The Wilds, one of the largest conservation centers in North America.

Construction and commercial operation of the solar generating facility will be phased in over three years. About 20 MW is expected to be in commercial operation by late 2012.

An additional 15 MW will be added by the end of 2013 and the remaining 14.9 MW will be online by the end of 2014. Terms of the power purchase agreement were not disclosed for competitive reasons.

Ohio Substitute Senate Bill 221 requires that AEP Ohio supply 0.06 percent of its load in 2012 with generation from solar resources, 0.09 percent in 2013, and 0.12 percent in 2014.

The benchmark requirements ramp up annually to a total of 0.5 percent by the end of 2024. AEP Ohio already has met the benchmarks set for 2010 and 2011 through its long-term purchase power agreement for solar energy from the 10.08-MW Wyandot Solar facility in Upper Sandusky, Ohio.

AEP Ohio provides electricity to nearly 1.5 million customers of major AEP subsidiaries Columbus Southern Power Co. and Ohio Power Co. in Ohio, and Wheeling Power Co. in the northern panhandle of West Virginia. AEP Ohio is based in Gahanna, Ohio, and is a unit of AEP.

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The Clarion Energy Content Team is made up of editors from various publications, including POWERGRID International, Power Engineering, Renewable Energy World, Hydro Review, Smart Energy International, and Power Engineering International. Contact the content lead for this publication at Jennifer.Runyon@ClarionEvents.com.

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