Algonquin Power switches on 200-MW wind park in Minnesota
Wind farm in US. Author: Suzlon Group. License: All Rights Reserved.
Canadian utility Algonquin Power & Utilities Corp (TSE:AQN) said on Tuesday that its 200-MW Odell wind farm in the US state of Minnesota has started commercial operations.
The wind park was built in Cottonwood, Jackson, Martin, and Watonwan Counties for a total cost of about USD 330 million (EUR 295m). It consists of 100 pieces of Vestas Wind Systems’ (CPH:VWS) V110-2.0 MW wind turbines, which together will be able to generate an average of 832 GWh of electricity per year. All of the output will be sold under a 20-year contract with an investment grade utility.
Algonquin has a 50% stake in the project, while the rest is held by the original developer, whose name was not given. The Canadian company intends to make use of a right to take full control of the asset, upon receipt of regulatory approvals. The transaction is expected to be implemented in the final quarter of the year.