American Electric Power's subsidiary and Lightsource bp sign power contract for solar farm
Global solar leader, Lightsource bp and AEP Energy Partners, subsidiary of American Electric PowerÂ (NASDAQ:AEP),Â signed a power purchase agreementÂ for a 188 megawatt solar project located inÂ New Carlisle.
Post completion, Honeysuckle Solar project will generate enough clean energy annually to power 27KÂ U.S.Â homes.
Lightsource bp will finance, build, own and operate the facility and sell the solar energy it generates to AEP Energy Partners under a long-term PPA.
Construction of the project has been initiated on site, with commercial operation starting in 2024.