ST. LOUIS - Ameren Missouri, part of Ameren Corporation (NYSE: NYSE:AEE), has received the green light to develop or procure approximately 400 megawatts (MW) of solar power, as announced today. This initiative is part of a broader strategy to meet the state's long-term energy reliability needs through a diversified mix of sources.
The Missouri Public Service Commission has authorized three solar projects. The Vandalia Renewable Energy Center, a 50-MW installation in Vandalia, Missouri, is slated to be operational in 2025. The following year, the Split Rail Solar project, boasting 300 MW in Warren County, Missouri, and the Bowling Green Renewable Energy Center, another 50-MW project, are expected to commence operations.
These solar ventures are projected to generate enough electricity to power roughly 73,000 homes. Moreover, a fourth project in Cass County, Illinois, could also receive approval under Ameren Missouri's Renewable Solutions Program if fully subscribed. This program offers businesses the chance to fulfill up to 100% of their energy use with renewable sources.
Ameren Missouri's pursuit of solar energy aligns with their commitment to achieve net-zero carbon emissions by 2045, a science-based target in line with the Paris Agreement's goal to limit global temperature rise to 1.5 degrees Celsius. The company's interim goals include a 60% reduction in carbon emissions by 2030 and an 85% reduction by 2040, relative to 2005 levels.
Mark Birk, chairman and president of Ameren Missouri, emphasized the integration of new, low-cost energy sources with the existing generation fleet to deliver reliable and affordable energy. Ameren Missouri's chief renewable development officer, Ajay Arora, highlighted the financial benefits of tax credits from renewable projects, which contribute to keeping customer rates affordable.
The company's Renewable Solutions Program, launched in 2023 with 10 participating organizations, offers businesses a way to meet sustainability goals through renewable energy credits. The program is marketed as providing price certainty and no market risk.
Ameren Missouri has been a long-standing provider of electric and gas service in the region, with over a century of history. The company's service area spans 64 counties and more than 500 communities, including the greater St. Louis area.
This expansion into solar energy is based on a press release statement and reflects Ameren Missouri's efforts to maintain reliability and affordability while transitioning to more environmentally responsible energy sources.
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