News
Wind-farm project sold to Canadian company
Renewable Energy Systems Americas on Tuesday sold a wind-farm proj ect 80 miles east of Denver for $500 million - the Broomfield-based company's biggest deal.
Enbridge, Canada's largest pipeline company, is the buyer.
June 30, 2010
by Mark Jaffe
in The Denver Post
Renewable Energy Systems Americas gets $500 million from Enbridge for the project, set to be operating in 2012.
Renewable Energy Systems Americas on Tuesday sold a wind-farm proj ect 80 miles east of Denver for $500 million - the Broomfield-based company's biggest deal.
Enbridge, Canada's largest pipeline company, is the buyer.
The purchase is a "beachhead" for future investments in the U.S. green-energy market, said Al Monaco, Enbridge executive vice president for major projects and green energy.
In March, RES Americas won a 20-year power-purchase agreement from Xcel Energy for its 250-megawatt wind farm in Elbert and Lincoln counties. Enbridge will take over... [continue via Web link]
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