algonquinpower Archives - Windpower Engineering & Development The technical resource for wind power profitability Wed, 11 May 2022 13:30:29 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.1 https://www.windpowerengineering.com/wp-content/uploads/2018/08/cropped-windpower-32x32.png algonquinpower Archives - Windpower Engineering & Development 32 32 Meta commissions 112-MW Michigan wind project https://www.windpowerengineering.com/meta-commissions-michigan-wind-project/ Wed, 11 May 2022 13:13:43 +0000 https://www.windpowerengineering.com/?p=49432 Algonquin Power & Utilities‘ subsidiary Liberty is developing a 112-MW wind project in Michigan to support Facebook’s parent company, Meta, in reaching its renewable energy goals. The new Deerfield II wind project is expected to reach commercial operations in 2023. Deerfield II is located in Huron County, Michigan, adjacent to Liberty’s Deerfield I wind facility.…

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Algonquin Power & Utilities‘ subsidiary Liberty is developing a 112-MW wind project in Michigan to support Facebook’s parent company, Meta, in reaching its renewable energy goals. The new Deerfield II wind project is expected to reach commercial operations in 2023.

Deerfield II is located in Huron County, Michigan, adjacent to Liberty’s Deerfield I wind facility. The project represents an investment of approximately $200 million for Liberty and is expected to provide approximately $2 million per year in property tax revenue for local schools, roads and various care facilities. Construction will create 200 temporary and permanent jobs.

“Wind and solar energy investments are critical streams within our growth program, and we’re very pleased to be able to expand upon our existing partnership with Meta,” said Jeff Norman, chief development officer for Algonquin. “Our company is all about thinking globally and acting locally. Projects like Altavista solar and Deerfield II allow us to have that dual-level impact by supporting Meta’s operations with 100% renewable energy while contributing to the surrounding communities.”

Liberty will develop, engineer, construct own and operate the Deerfield II wind project. Construction began in April 2022.

“Since 2020, our global operations have been supported by 100% renewable energy and, as we continue to grow, it is increasingly important that we have strong partnerships to bring new renewable energy to the grid,” said Urvi Parekh, head of renewable energy at Meta. “We appreciate the work Liberty has done to help us bring these 112 MW to the grid in support of our operations.”

News item from Algonquin Power & Utilities Corp. and Liberty

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Apex Clean Energy sells 202-MW Sugar Creek Wind project https://www.windpowerengineering.com/apex-clean-energy-sells-sugar-creek-wind-project/ Fri, 21 Dec 2018 14:37:32 +0000 http://www.windpowerengineering.com/?p=45285 Apex Clean Energy announced the sale of Sugar Creek Wind to a wholly-owned subsidiary of Algonquin Power & Utilities Corp. The advanced-stage 202-MW project is located in Logan County in central Illinois. This fall, Apex secured a long-term contract with the Illinois Power Agency to provide renewable energy certificates to utilities in the state. “Sugar…

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Apex Clean Energy announced the sale of Sugar Creek Wind to a wholly-owned subsidiary of Algonquin Power & Utilities Corp. The advanced-stage 202-MW project is located in Logan County in central Illinois. This fall, Apex secured a long-term contract with the Illinois Power Agency to provide renewable energy certificates to utilities in the state.

Sugar Creek Wind has grown to a 202-MW power producing capacity.

“Sugar Creek Wind demonstrates the Apex team’s proven ability to identify and advance projects with strong fundamentals, including access to transmission, exceptional resources, strong community support, and financeable offtake,” said Mark Goodwin, president and CEO of Apex.

Sugar Creek Wind was acquired by Apex in April 2016 from American Wind Energy Management Corp. The project was capable of producing 175 MW of wind energy at the time.

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APUC announces commercial operation of 200-MW Odell Wind project https://www.windpowerengineering.com/apuc-announces-commercial-operation-200-mw-odell-wind-project/ Wed, 10 Aug 2016 16:54:45 +0000 http://www.windpowerengineering.com/?p=28876 Algonquin Power & Utilities Corp. (APUC) achieved commercial operation of the 200-MW Odell Wind Project located in Cottonwood, Jackson, Martin, and Watonwan Counties in Minnesota. Odell consists of 100 Vestas V110-2.0 MW wind turbines that tap into an excellent wind resource. The project is expected to produce an average of 832 GW-hrs of electricity per year, with all…

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Odell Wind Farm is expected to produce an average of 832 GW-hrs of electricity per year, with all energy sold under a 20-year power purchase agreement.

Algonquin Power & Utilities Corp. (APUC) achieved commercial operation of the 200-MW Odell Wind Project located in Cottonwood, Jackson, Martin, and Watonwan Counties in Minnesota.

Odell consists of 100 Vestas V110-2.0 MW wind turbines that tap into an excellent wind resource. The project is expected to produce an average of 832 GW-hrs of electricity per year, with all energy sold under a 20-year power purchase agreement.

APUC currently holds a 50% equity interest in the project, with the other 50% held by the original developer. However, it has provided notice of intent to exercise its option to purchase the remaining 50% of the project. The company expects to acquire the remaining 50% upon receipt of regulatory approvals which is anticipated to occur in the fourth quarter of 2016.

Odell Wind qualified for the U.S. renewable energy production tax credits and tax equity investors provided an investment of approximately U.S. $180.0 million of equity financing toward project costs. The total capital cost of the facility was approximately U.S. $330 million.

“We are pleased to continue delivering on our planned growth pipeline for 2016 with the successful completion of the Odell Wind Farm,” said Chief Executive Officer Ian Robertson. “Odell’s strong wind resource in a new geographic region and its long-term power purchase agreement make it an outstanding addition to our fleet of renewable generation facilities.”

 

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