RES Americas sells wind project
BROOMFIELD – Renewable Energy Systems Americas Inc. sold its Cedar Point Wind Energy Project to a Canadian company for $500 million.
Broomfield-based RES Americas sold the 250-megawatt project located about 80 miles east of Denver to Alberta, Canada-based Enbridge Inc. (NYSE: ENB). It is RES Americas’ largest deal.
As part of the agreement, RES will develop the wind farm using 139 Vestas Wind Systems’ 1.8 megawatt turbines that will be connected to the Xcel Energy-owned Public Service Company of Colorado grid via a 42-mile transmission line. RES will construct both the line and the wind farm, while Vestas will provide operations and maintenance for five years under a fixed-price agreement.
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The project is scheduled to be complete in 2012.
BROOMFIELD – Renewable Energy Systems Americas Inc. sold its Cedar Point Wind Energy Project to a Canadian company for $500 million.
Broomfield-based RES Americas sold the 250-megawatt project located about 80 miles east of Denver to Alberta, Canada-based Enbridge Inc. (NYSE: ENB). It is RES Americas’ largest deal.
As part of the agreement, RES will develop the wind farm using 139 Vestas Wind Systems’ 1.8 megawatt turbines that will be connected to the Xcel Energy-owned Public Service Company of Colorado grid via a 42-mile transmission line. RES will construct both the line and the wind farm, while Vestas will provide operations and…
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