US energy provider Exelon Corporation (NYSE:EXC) has entered into a 153-MW wind power purchase agreement (PPA) with Wolverine Power Supply Cooperative Inc, a Michigan-based not-for-profit generation and transmission cooperative.
The deal is tied to Exelon’s Michigan Wind 3 project, which will enter its construction phase in Sanilac County during the spring of next year. The wind park is seen to initiate commercial operations by December 2016.
The project will expand Exelon’s wind capacity in the state to more than 550 MW, Corey Hessen, vice president of Exelon Generation Development, said in a statement. In turn, the PPA will boost Wolverine’s own wind generation portfolio to over 350 MW. This means that Michigan cooperatives will achieve a 30% renewable level, according to Eric Baker, president and CEO of Wolverine.
At present, Exelon owns and operates 47 wind farms in ten US states totalling 1.5 GW. Six of them are located in Michigan and have a combined capacity of over 400 MW.