Ameren Missouri on Monday outlined a commitment of more than $1 billion to added renewable energy generation, helping reshape the long-term outlook of its power supply and taking what some praised as a critical, if not overdue, first step toward adopting increasingly cost-effective clean energy.
The St. Louis-based electrical utility, a subsidiary of Ameren Corp., plans to spend $1 billion on wind turbines in Missouri or neighboring states that will add at least 700 megawatts of wind generation by 2020.
The investment will push wind to account for approximately 10 percent of Ameren Missouri’s power generation and marks the company’s largest commitment to renewable energy to date, Ameren Missouri President and Chairman Michael Moehn said.
While Ameren expressed a strong preference for owning its own wind generation based in Missouri, the source, location and cost of the new wind production is still under negotiation with several developers, including some in other states, according to the company.
The company also said Monday it plans to add 100 megawatts of solar generation over the next 10 years in multiple phases.