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Transactions - OCTOBER 26, 2020

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AEP Energy Partners plans to purchase offtake of Ohio solar park

by Released

AEP Energy Partners has signed a letter of intent with BQ Energy Development to purchase 100 percent of the offtake of the Columbus Solar Park under development in Ohio.

In July, New York–based BQ Energy announced plans to lease the site of a former landfill owned by the Solid Waste Authority of Central Ohio and build a 50-megawatt solar facility, pending a long-term power-purchase agreement to underwrite the project.

The solar energy facility is scheduled to be operational by December 2022, and once completed, will have the capacity to power 5,000 homes. AEP Energy Partners will use the offtake from the project to meet its customers’ needs for renewable energy.

“We’re looking forward to partnering with BQ Energy to bring more clean, renewable energy to our customers,” said Greg Hall, president of AEP Energy. “The Columbus Solar Park project fits well with AEP’s commitment to sustainability and the communities we serve, and turning a former landfil

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