A solar power farm in eastern Ohio that could build countless jobs is 1 step closer to breaking ground.

Columbus-based American Electrical Power Business Inc.bizWatch ’s AEP Ohio subsidiary said Tuesday that it signed a cope with New Harvest Ventures and Agile Power, joined as Turning Point Solar LLC, to cooperate on the project. Each parties in October signed a memorandum of understanding that lines up AEP (NYSE:AEP) as the buyer in the facility’s power.

Envisioned for about 750 acres of former coal-mining land in Cumberland, southeast of Zanesville, the $250 million solar farm could see construction begin as early as up coming summer. AEP, which is contributing $20 million toward the project’s development, mentioned the build-out will take three years.The project could produce up to 300 short-term construction jobs at peak and spark another 330 full-time jobs, but that is contingent upon Spanish producers Prius Power SL and Isofoton securing state and regional incentives to build plants in Ohio to manufacture panels and solar trackers required for the internet site.

AEP is signing on towards the project to assist meet benchmarks set in an power bill former Gov. Ted Strickland signed in 2008 that calls for Ohio utilities pull 0.5 % of their generation capacity from solar sources by 2024. The utility says it has hit benchmarks via this year.

Advertisements