Engie buys 151-MW US wind project, signs PPA with Xcel

Wind turbines. Author: Rex Brown. License: Creative Commons, Attribution-NoDerivs 2.0 Generic.

December 19 (Renewables Now) - The North American unit of French energy group Engie SA (EPA:ENGI) has bought the 151.2-MW Dakota Range III wind project in South Dakota from its developer Apex Clean Energy.

Engie North America Inc announced this today, saying that it has also signed a power purchase agreement (PPA) for the wind park’s full capacity with Xcel Energy Inc (NASDAQ:XEL).

The subsidiary of the French group expects to complete the development of the project with Apex by the summer of 2019, according to Matt Riley, Senior Vice President and Head of US Wind Development at Engie North America.

“We have a clean energy strategy to nearly double the amount of wind energy on our system in the Upper Midwest by 2022 and this investment in Dakota Range III gets us closer to that goal,” in turn commented Chris Clark, president of Xcel Energy - South Dakota.

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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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