NDAQ: AEP), the company announced today that it has launched a tender for additional emissions - free-of-charge power generation technologies - to serve its customers. While M continues to diversify its generation fleet into renewable energy, M is looking for potentially combined battery storage technologies and resources, as well as additional energy storage resources. This is the first of a series of investments by M in the development of new generation and storage technologies.
Warner said M's IM Solar program currently allows people to support solar energy production by buying a block of electricity at the start for 93 cents per block. Customers tell the provider what they want and M is trying to offer that, "Warner said. The project in southeast Fort Wayne is the largest solar project in the city to date. Some houses are equipped with solar panels, some of them located near the General Motors truck plant. Hesher explained how Wible makes money from the hundreds of solar panels he pointed out.
The purchase of solar panels may be preferable to leasing, as this will help to keep the cost of solar panels as low as possible in the first few years. The latter usually results in you receiving a monthly discount from your solar system if your unit returns excess energy to the grid. If you are leasing the panels, go to a lessor instead to get credit, but the retail price for your excess energy offsets these panels.
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Indiana - Michigan Power (I.M.) is headquartered in Fort Wayne and serves more than 599,000 customers in Indiana, Michigan, Ohio, Wisconsin, Illinois, Indiana and Michigan State University. Indiana-Michigan Power is a leader in renewable energy and energy efficiency that works for the benefit of its customers and the State of Michigan and its communities.
The AEP family of companies includes the Indiana - Michigan Power Company and its subsidiaries in Indiana, Michigan, Ohio, Wisconsin, Illinois, Indiana and Michigan State University. The A EP family of companies includes I.M. Power, the largest renewable energy provider in the United States and the second largest in Europe.
I.M. also owns more than 2,500 acres of land in Indiana and Michigan, Warner said. I, M., have access to various sources of generation, including wind energy purchased outside of Indiana, and their availability gives them the opportunity to purchase it within Indiana. In addition to its ownership of the St. Joseph River and its tributaries in South Bend and Fort Wayne, it also has a lease for a 1.5-mile stretch of the River Hope, a river on the east side of Indianapolis and one that flows into Fort Wayne and another on its west side, "Warner said. M had access to the various generation sources, which include wind generation from Indiana as well as other sources such as hydro, solar and biomass.
I, M., am building a fifth solar farm in South Bend, which Warner says will be operational in 2021.
It will be M. "s fifth and largest solar power plant, generating 1.5 gigawatts of solar energy, or about 1,000 megawatts per year. By 2030, AEP hopes to add a total of 2,500 gigawatt hours of renewable energy, Warner says. In 2012, researchers estimated that Indiana had the second-largest amount of wind from Indiana, at 1 million megawatts, while total consumption in Indiana in 2011 was 359,788 gigawatt hours, NREL reported.
Three other wind farm projects have been approved for construction in the state, according to India's Ministry of Natural Resources and Environmental Control. Visualyadvanced, "as well as three wind farms, two solar power plants and two hydroelectric power plants.