Columbus, Ohio, July 5, 2011 — AEP Ohio, a unit of American Electric Power, has entered into a participation agreement with Turning Point Solar LLC, a joint venture of Agile Energy Inc. and New Harvest Ventures, to cooperate on the development of a large solar generating facility.
The 49.9 MW commercial solar facility will be built on about 750 acres of reclaimed land once mined for coal in Noble County, 20 miles southeast of Zanesville, Ohio. Construction and commercial operation of the facility will be phased in over three years with construction expected to begin in the summer of 2012 and finishing in 2015.
Isofoton, a Spanish-based solar energy technology company, will supply solar modules for the Turning Point Solar development. As part of the project moving forward, the company has agreed to base its North American manufacturing facility in Ohio, and projects the facility will employ up to 330 when fully operational. About 250,000 photovoltaic panels will be needed to build the plant.
In October 2010, AEP Ohio and Turning Point Solar entered into a memorandum of understanding.
AEP Ohio intends to invest $20 million in the development of the project. The project was filed with the Public Utilities Commission of Ohio for approval on Friday, July 1, as part of the company's electric security plan. Once built, AEP Ohio will be solely responsible for the operation and maintenance of the solar generating facility.