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Constellation to buy power from 130-MW wind farm in Indiana

Wind farm in Indiana. Photo by: David Joyce. License: Creative Commons. Attribution-ShareAlike 2.0 Generic.

July 11 (Renewables Now) - Baltimore-based energy supplier Constellation, part of Exelon Corporation (NYSE:EXC), has agreed to buy about 80% of the renewable energy and capacity generated by the 130-MW Bitter Ridge wind farm in Indiana over a 15-year period.

Constellation has entered into a power purchase agreement (PPA) with Scout Clean Energy, which is developing the 52-turbine project at a site in Jay County.

Michael Rucker, CEO and founder of Scout Clean Energy, said that the signing of the PPA is one of the final steps before the project could commence construction. "We expect to confirm the appointment of our construction financiers and tax equity finance providers shortly and to move swiftly to financial close,” he added.

Mortenson will provide balance of plant construction services, while General Electric (NYSE:GE) will supply turbines of the GE 2.82 series for the project. The wind farm is expected to begin feeding power in September 2020.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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