WPPI Energy buys output from Invenergy wind farm


WPPI Energy buys output from Invenergy wind farm

wind farm

 

Output from Invenergy’s Bishop Hill III wind farm, located in Henry County, IL, has been purchased by WPPI Energy.
 
The 132MW project is scheduled to be operational by summer 2018 and is expected to create over 150 jobs during construction with 6 full-time positions once operations begin.
 
WPPI Energy has signed a power purchase agreement to buy all energy generated by the wind farm until 2040 for their customers in Iowa, Upper Michigan and Wisconsin.
 
According to the press release, the project will generate more than $10 million in local economic development in its first 10 years of operation through tax payments, lease payments to participating landowners, and wages and benefits for employees.
 
Invenergy’s EVP and Chief Commercial Officer, Jim Shield said,
 
“We’re pleased to work with WPPI Energy to help them deliver clean, reliable energy to their member utilities and customers. Utilities like WPPI recognize the economic value renewables bring to their energy portfolio and to local communities.”
 
“This agreement provides WPPI Energy with a highly cost-effective resource that will more than double the amount of wind energy in our power supply portfolio,” said Mike Peters, president and CEO of WPPI Energy. “When the Bishop Hill III project comes online, our power supply will be more than 40% emission-free.”
 

Posted By Sally on August 8, 2017 | 0 Comment

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