Enbridge acquires West Virginia wind project for $200M
by Cleantech Canada Staff
Energy firm continues branching out, adding 103 megawatts of capacity with latest renewable buy
CALGARY—Enbridge Inc.’s push into renewable energy continues.
The company has announced it has acquired a 100 percent interest in a 103 megawatt wind project in Grant County, West Virginia. Enbridge will take control of the entire stake in the project from EverPower Wind Holdings LLC for approximately $200 million.
“With strong fundamentals and commercial underpinnings, the New Creek Wind Project is a strong fit within our low-risk value proposition, and advances a key corporate priority of growing our renewable generation platform,” Vern Yu, senior vice-president of Corporate Planning and Chief Development Officer at Enbridge, said.
Enbridge said the project will eventually comprise 49 Gamesa G97/G90 turbines and is scheduled to enter service in Dec. 2016. The Calgary-based energy firm also noted the project is backed by renewable energy credit sales and is guaranteed fixed pricing through mid-and-long-term contracts.
The company’s latest buy brings its renewable power and transmission investments to more than $5 billion since 2003. The company now has a stake in more than 2,000 MW of renewable generating capacity.
