OAKVILLE—Algonquin Power & Utilities Corp. is expanding its portfolio of clean power projects south of the border.
The Oakville, Ont.-based company has agreed to develop a 150 megawatt construction-stage wind project in the U.S. as part of a joint venture with Renewable Energy Systems Americas Inc.
The Deerfield wind power project is located in central Michigan and is expected to cost approximately US$303 million.
“We are pleased to partner with Renewable Energy Systems Americas Inc. on the Deerfield wind project. This project demonstrates our capacity to create long term shareholder value through investments in renewable energy generation projects”, the company’s CEO Ian Robertson, said.
The project will cover approximately 20,000 acres of land that has been leased from what the company called a “supportive wind power land owner group.” Deerfield will employ 44 Vestas V110-2.0 wind turbines and 28 Vestas V110-2.2 turbines. It is expected to generate about 555.2 gigawatt-hours annually.
The joint venture has secured a 20-year power purchase agreement with a local utility, and the project is expected to reach commercial operation by the end of 2016.