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Babcock And Brown Begins Construction Of South Dakota Wind Farm
San Francisco CA (SPX) May 07, 2008 International investment and specialized fund and asset management group Babcock and Brown has announced it has a completed the financing of its Wessington Springs Wind Project, located near the town of Wessington Springs, South Dakota. Construction has begun on the wind farm, which is expected to begin commercial operations by the end of the year. The Wessington Springs Wind Project, with 34 new GE 1.5 megawatt (MW) wind turbines, will have a total production capacity of 51 MW, enough to power approximately 15,000 homes per year. The power produced at the wind farm, which will connect to the Western Area Power Administration (WAPA) transmission system, will be purchased by Heartland Consumers Power District through a long-term power purchase agreement. Construction work on the project is being done by Wanzek Construction, based in Fargo, North Dakota. "The start of construction at Wessington Springs Wind Project marks a major milestone in a development process that started from scratch three years ago," said John Calaway, chief development officer for Babcock and Brown's North American wind energy group. "We look forward to harnessing the wind of South Dakota to produce clean and renewable energy when Wessington Springs Wind Farm begins operating later this year." "We were looking for a premiere wind developer, and we found that in Babcock and Brown," said Heartland's General Manager, Mike McDowell. "We expect the Wessington Springs Wind Project to come on line in late 2008, and when it does, it will be a tremendous energy producer for Heartland. With its generation, renewable resources will account for 20% of our power supply." Babcock and Brown currently operates 20 wind farms across nine states throughout the US, totaling more than 1500 MW of installed capacity. The Company also has more than 25 wind farms in various stages of development around the country. Heartland Consumers Power District, a non-profit public corporation headquartered in Madison, South Dakota, provides supplemental power to municipalities and state institutions in South Dakota, Minnesota, and Iowa from a diversified mix of resources. Related Links Powering The World in the 21st Century at Energy-Daily.com
Analysis: U.S. wind market's mixed signals
Hanover, Germany (UPI) May 6, 2008 The wind energy industry is beginning to repower existing turbines for greater efficiency and expanding to offshore locations in Europe, and despite unstable incentives for wind power in the United States, strong growth potential and the weak dollar are buoying interest in the U.S. market. |
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