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Transactions - AUGUST 18, 2020

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AEP Renewables expands renewable portfolio with two wind facilities in Texas

by Kali Persall

AEP Renewables has purchased Invenergy's 20.1 percent interest in the Desert Sky and Trent Mesa wind facilities in Texas for an undisclosed amount.

With the deal, AEP Renewables now owns the full 170 megawatts of capacity at the Desert Sky facility and the 156 megawatt Trent Mesa facility. AEP Renewables and Invenergy were joint owners in the facilities since 2018.

AEP Renewables sells renewable energy through long-term contracts with utilities, electric cooperatives, municipalities and corporate customers. The company also said it also has broken ground on the 128-megawatt Flat Ridge 3 wind facility in Kingman County, Kansas. AEP currently owns and operates 1,367 megawatts of large-scale wind, solar and energy storage in 11 states. Upon completion of the Kansas facility, the firm’s clean energy portfolio will consist of 1,495 megawatts.

According to a recent report entit

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