in News Departments > New & Noteworthy
print the content item

Columbus, Ohio-based American Electric Power (AEP) is doubling its goal of adding 1,000 MW of renewable energy to 2,000 MW by the end of 2011.

The goal is one of 12 new targets announced in the company's third annual corporate sustainability report. If the goal is reached, the company's renewable energy portfolio will be more than 2,600 MW by the end of 2011.

AEP has added 903 MW of wind generation since 2007, when the company committed to its original goal of adding 1,000 MW.

"Continuing to diversify our fuel mix with more renewable resources will allow us to meet our customers' energy needs and reduce our carbon footprint," says Michael G. Morris, AEP chairman, president and CEO.

AEP's sustainability report was prepared according to principles established by the Global Reporting Initiative (GRI), a voluntary framework used by organizations worldwide to measure and report their economic, environmental and social performance. It also was reviewed by GRI to ensure AEP reported on all core performance indicators.

The report details AEP's support of a federal energy policy and an economy-wide cap-and-trade program that will reduce greenhouse gas emissions, keep the cost of electricity reasonable for customers and foster international participation to address climate change.

For more information, visit aep.com.

SOURCE: American Electric Power


Trachte Inc._id1770
Latest Top Stories

Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.


IRS Issues More PTC Guidance, Easing Some Wind Industry Concerns

The Internal Revenue Service (IRS) addresses how much work is needed on a wind farm to satisfy production tax credit (PTC) eligibility.


Embryonic No More: U.S. Offshore Wind Industry Gaining Momentum

After a decade of fits and starts, the industry is moving closer to installing the first generation of wind projects off the country's shores.


AWEA: U.S. Installs 853 MW Of Wind In First Half Of 2014

The American Wind Energy Association (AWEA) reveals the U.S. industry's progress thus far this year and underscores the importance of policy certainty.

Renewable NRG_id1934
Canwea_id1984
Tower Conference_id1965