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Opdenergy to develop 63MW PV plant in Virginia, after REPA with AEP

Opdenergy

Opdenergy, the independent renewable energy developer, closed last week an agreement with U.S. company AEP Energy; subsidiary of American Electric Power, after which the company will expand its presence in the U.S.

Firstly, the agreement involved the closing of a Renewable Energy Purchase Agreement (REPA) in the United States; under the 15-year agreement, Opdenergy will develop a solar PV plant with an installed capacity of 63 MWdc in Clarke County, Virginia. AEP Energy will purchase the 100% of the output from the complex.

Secondly, the developments works of the complex are already underway; consequently, Opdenergy expects to reach Ready to Build (RtB) status around 2023; while the connection to the grid is expected to be fulfilled during the first half of 2024. Once operational, the complex will generate around 112 GWh of clean energy per year.

Thirdly, the closing of the REPA is another step for Opdenergy to expand and consolidate its presence in the United States. In fact, the company recently closed another REPA with AEP Energy to build a 100 MWdc photovoltaic plant in Jefferson County, West Virginia.

Moreover, this project will supply clean energy to AEP Energy’s customers for a period of 12 years. These two projects, plus another power purchase agreement signed by the end of last year, add a total of 253 MWdc of energy purchases that Opdenergy has closed in the U.S.

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Opdenergy growing its portfolio in the U.S.

In fact, the company has around 2,5 GW of renewable projects in different stages of advancement in the U.S. About the relevance of this REPA, Luis Cid, CEO of Opdenergy, said. “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.”

He also remarked. “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 also, implementation of clean energies; we can confirm that we are on the right track with this new milestone.”

Additionally, he concluded. “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.”

Finally, Greg Hall, Executive Vice President of AEP Energy, 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.”

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