US approves sale of TAQA’s 50% stake in 205.5-MW Lakefield wind farm in Minnesota
Nebras Power QSC has recently acquired a 50% stake in the 205.5 MW Lakefield wind farm, located in Jackson County, Minnesota (USA), from Abu Dhabi National Energy Co PJSC (TAQA).
TAQA had already bought a 50% stake in the wind park in 2013 from a unit of French utility EDF Renewables Asset Holdings.
The transaction is expected to be completed in the first quarter of 2016.
The total installed capacity of the power project is 205.5 MW comprising 137 GE wind turbines of 1.5 MW each and is expected to generate enough energy to power 68,000 households.
The construction of the power project started in late September 2010 and became operational on October 18, 2011. The project sells energy to Indianapolis Power & Light Company under a 20 years power purchase agreement.
Country news
-
-
February 15, 2016
NRG Canal 3 Project clears ISO-New England Capacity Auction
NRG Energy, Inc. has announced that its Canal 3 development project, a 333 MW gas turbine peaker, cleared the ISO-New England tenth forward capacity auction at a price of $7.03/Kw-month. Read more -
February 12, 2016
AGL invests in energy storage company and create renewables fund
AGL Energy Limited (AGL) has announced a US$20 million investment in Sunverge Energy a US-based energy storage and management company and the lunching of Powering Australian Renewables Fund. Read more -
February 12, 2016
Invenergy to provide clean power to 3M Company
Invenergy has recently announced that it has signed a 120 MW wind power purchase agreement (PPA) with 3M, which involves the sale of Gunsight Wind Energy Center located in Texas. Read more -
February 10, 2016
Nixon Peabody grows energy practice with arrival of recognized project finance partner Ernest Chung
Nixon Peabody is expanding the firm’s energy and infrastructure project finance and development capabilities with the arrival of new partner Ernest W. Chung. Read more -
February 10, 2016
Dominion Resources, Questar Corporation to combine
Dominion Resources, Inc. and Questar Corporation recently announced an agreement for the companies to combine, in an all-cash transaction in which Dominion has agreed to pay Questar shareholders $25 per share – about $4.4 billion – and assume Questar's outstanding debt. Read more
