American Electric Power, 174 Power Global: Your Daily Energy News

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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

POWER
174 Power Global Completes Texas Solar Farm - 174 Power Global announced that it has completed and energized its Oberon solar power facility in West Texas. Chariot Energy, an affiliate of 174 Power Global, has entered into a power purchase agreement for 30 megawatts (MW) of the 180-MW project. The facility is comprised of more than 560,000 solar panels. (Project 300448813) (Business Wire)

AEP Purchases Share in Texas Windfarms - American Electric Power's (NYSE: AEP) (AEP) renewable energy subsidiary, AEP Renewables, has completed the purchase of Invenergy's 20.1% interest in the Desert Sky and Trent Mesa wind facilities in Texas. AEP Renewables and Invenergy have jointly owned the facilities since 2018. AEP Renewables now owns the full capacity of the 170-MW Desert Sky facility near Iraan, Texas, and the 156-MW Trent Mesa facility, located between Abilene and Sweetwater in West Texas. (PR Newswire) (Plants 1051465, 1052758)

CRUDE OIL
U.S. Crude Oil Stocks Fall - U.S. crude inventories fell by 1.6 million barrels in the week ending August 14 to 512.5 million barrels. Net U.S. crude imports rose by 1.1 million barrels per day (BBL/d) to 3.6 million BBL/d. U.S. gasoline stocks fell by 3.3 million barrels to 243.8 million barrels. Distillate stockpiles rose by 152,000 barrels. (Reuters)

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About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.