ALLENTOWN--Continuing its commitment to support the development of renewable energy projects, PPL
EnergyPlus, the energy marketing arm of PPL Corporation, said that it will buy half of the renewable energy credits produced by a new wind farm in West Virginia.
PPL EnergyPlus will buy half of the renewable energy credits generated by the first phase of the 164-megawatt NedPower Mount Storm Wind Project, owned by Shell WindEnergy Inc. and Dominion Energy in Grant County, W.Va., over the next several years. Specific terms of the agreement with Shell Energy North America, the Houston-based energy marketing and trading subsidiary of Royal Dutch Shell, were not announced.
PPL continues to expand its own renewable energy portfolio. Through itssubsidiary, PPL Renewable Energy, the company will invest at least $100 million to develop new solar, wind, biomass and landfill gas renewable energy operations in the next five years.
PPL EnergyPlus is a subsidiary of PPL Corporation, headquartered in Allentown, Pa., which controls more than 11,000 megawatts of generatingcapacity in the United States, sells energy in key U.S. markets and delivers electricity to about 4 million customers in Pennsylvania and the United Kingdom.
PPL Corporation
www.pplweb.com
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