About Solar Phase II
In March 2016, AMP entered into a joint development agreement with DG AMP Solar, a wholly owned subsidiary of NextEra Energy Resources, for the development, construction and operation of up to 80 megawatts (MW) or more of new solar electric generation facilities. The two organizations executed a solar power purchase agreement (PPA).
Through the DG AMP Solar subsidiary, NextEra builds, owns and operates the solar sites and AMP purchases all output from the solar generation. AMP sells the output to 22 participating members using a take and pay contract.
The systems each consist of solar photovoltaic generating facilities utilizing polycrystalline photovoltaic modules and central inverters. The modules are mounted on either a fixed tilt or tracker racking system. Each system is interconnected to the electric distribution system of a host participant and is located at a site located on land within or near the geographic footprint of such host participant.
The initial systems consist of 13 systems with a rated capacity of approximately 36.825 MW located in Delaware, Michigan, Ohio and Virginia. The initial systems have a rated capacity ranging from 0.25 MW to 20 MW. The first of the initial systems, located in Bowling Green, entered commercial operation in January 2017.
Welcome to American Municipal Power, Inc.’s (AMP) investor relations website. Investment in bonds issued by AMP allows for beneficial investments in generation and transmission assets for our members.
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