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Sempra, BP in Wind Energy JV – Analyst Blog
Zacks Market Commentaries (September 18th, 2009) Writes:
A subsidiary of Sempra Energy (SRE) recently became an equal partner of a BP Plc. (BP) unit for developing a 200MW Fowler Ridge II Wind Farm in Benton County, Indiana.
The Fowler Ridge joint venture is currently under construction on a 17,000-acre site, about 90 miles northwest of Indianapolis and is expected to be operational in the first quarter of fiscal 2010. The 200MW facility will produce enough electricity for nearly 60,000 homes.
The project's entire power output has already been sold under four, long-term 50-MW contracts. Three of these deals were signed with units of American Electric Power (AEP) and one with Vectren Energy Delivery (VVC) of Indiana for 20-year terms each. The project will use 133 wind turbines, each with the ability to generate 1.5 MW.
The Fowler Ridge II development is an expansion of Fowler Ridge I, a 400-MW wind farm that commenced operations
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