AEP expects to spend about $8.2 billion from 2022 through 2026 as part of its plan to shift its generating fleet to about half renewable energy by the end of the decade, according to the Columbus, Ohio-based company’s earnings presentation.
To help get there, AEP utilities have pending solicitations for 9.9 GW of renewable capacity, including about 2.2 GW of solar combined with storage.
AEP has flexibility in putting its clean energy plan in place, according to Akins. If less solar is added, the company will add more wind or some other resource, he said.
