Algonquin Power & Utilities Corp. announces joint venture in wind power project


Algonquin Power & Utilities Corp. announces joint venture in wind power project

wind power

 
According to their press release, Algonquin Power & Utilities Corp. (APUC), “has agreed to jointly develop a 150MW construction stage wind project in the United States with Renewable Energy Systems Americas Inc.”
 
The project is expected to cost a whopping $303 million USD and should be operational by 2017.
 
The Deerfield wind project is located in Michigan on approximately 20,000 acres of land which is leased from a land owner group, supportive of wind power. The wind project will include 44 Vestas V110-2.0 and 28 Vestas V110-2.2 wind turbines, with a total capacity of 555.2 GW hours annually.
 
The Deerfield wind power project has a PPA (power purchase agreement) with Wolverine Power Supply Cooperative, Inc., a local utility company serving approximately 260,000 households in Michigan.
 
APUC’s Chief Executive Officer, Ian Robertson said, “We are pleased to partner with Renewable Energy Systems Americas Inc. on the Deerfield wind project. This project demonstrates our capacity to create long term shareholder value through investments in renewable energy generation projects”.
 
APUC is a $4.5 billion North American diversified generation, transmission and distribution utility company and provides utility services to over 489,000 customers with an installed capacity of 1,050MW.
 

Posted By Sally on October 22, 2015 | 0 Comment

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