JPMorgan, Liberty seal PPA for 108 MW Shady Oaks II wind project in Illinois

Liberty, a part of Algonquin Power & Utilities Corp. has signed a power off-take deal with JPMorgan Chase for the 108 MW Shady Oaks II wind project in the USA. JPMorgan Chase will purchase approximately 70% of the wind farm's energy output, which will serve as the largest contribution to date toward JPMorgan Chase's 100% renewable energy commitment, supplying the equivalent of about 14% of its global power needs. 

Located in Lee County, Illinois, the Shady Oaks II project consists of 22 wind turbines and represents an opportunity to offset greenhouse gas emissions, help advance a transition to a lower-carbon economy and contribute to the growth of Illinois' clean energy footprint. The wind farm is expected to generate almost 350,000 MWh of clean energy, enough to power the equivalent of 32,800 US homes per year.  In addition, it will inject capital into the community by supporting local landowners and contribute up to US$1.2 million annually in property tax revenue for the local county.

Construction on Shady Oaks II began in May of this year.