AES Wind Farm in Service - Analyst Blog
31 Outubro 2011 - 4:01PM
Zacks
The AES Corporation’s (AES) two subsidiaries
AES Wind Generation and AES Energy Storage began the commercial
operation of their wind generation plant known as AES Laurel
Mountain.
The plant comprises 98 megawatt (MW) of wind generation capacity
and 32 MW of integrated battery-based energy storage capacity. The
61 wind turbines are mounted on 80-meter towers positioned along a
13-mile stretch of Laurel Mountain located in Randolph and Barbour
counties near Elkins, West Virginia.
AES Laurel Mountain is among the first wind generators to supply
critical operating reserve capacity to help maintain the
reliability of the power grid. With 61 GE 1.6 MW wind turbine
generators, the project is supplying emissions-free renewable
energy and clean, flexible, operating reserve capacity to the PJM
Interconnection which is the largest power market in the world. The
facility is expected to supply more than 260,000 MWh of
emissions-free, renewable energy each year to the PJM
Interconnection.
The project will provide PJM with regulation service, delivering
instantaneous response to grid operator requests for power, helping
to match generation and demand. The plant’s storage capacity with
advanced battery technology will help to optimize the renewable
energy generated and will also allow the wind facility to control
the ramp rate of generation.
The 32 MW project is AES Wind Generation’s second wind facility
that serves the PJM market, following the successful completion of
AES Armenia Mountain located in Pennsylvania. Overall, AES
Corporation has 72 MW of grid-scale storage resources in operation
and construction and more than 500 MW of advanced energy storage
projects in development.
Its other projects that are in operation include an 8 MW battery
system in the New York Independent System Operator (NYISO) market
and a 12MW frequency regulation and spinning reserve solution at
AES Gener’s Los Andes substation in Chile.
The AES Corporationhas business exposure to 28 countries around
the globe, which insulates it from any region-specific risk. With a
base of fossil fuel plants, the company is predominantly involved
in long-term contracts, which do not allow for any rate base growth
in the near term for its regulated utilities. The company is
investing a substantial chunk of funds for capacity expansion in
the power hungry regions of Latin America and Asia.
Also AES’ ongoing merger transaction with DPL
Inc. (DPL) is a boost for its regulated electricity
business and is expected to be a strategic fit. Over the long term,
we remain positive on the company and suggest that investors wait
for a favorable entry point. The company presently retains a
short-term Zacks #2 Rank (Buy). We have a long-term Neutral
recommendation on the stock.
The company is expected to release its earnings on November 4,
2011. One of its competitor’s Duke Energy
Corporation (DUK) is expected to release its earnings on
November 3, 2011.
The AES Corporation is a global power company spread over 28
countries in five continents. AES Corporation operates in two lines
of business – Generation and Utilities.
AES CORP (AES): Free Stock Analysis Report
DPL INC (DPL): Free Stock Analysis Report
DUKE ENERGY CP (DUK): Free Stock Analysis Report
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