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RES, Algonquin to jointly develop 480-MW wind project in Texas

Wind park in Texas. Author: Rockin'Rita. License: Creative Commons, Attribution-NonCommercial-NoDerivs 2.0 Generic.

August 13 (Renewables Now) - UK-based Renewable Energy Systems (RES) and Algonquin Power & Utilities Corp (TSE:AQN) have teamed up to jointly develop a roughly 480-MW wind park in central Texas, RES announced on Monday.

The two companies will work together on the Maverick Creek wind project in Concho County, which is expected to enter the construction phase next month.

In April 2019, US food company General Mills Inc (NYSE:GIS) signed a virtual power purchase agreement (PPA) for 200 MW of that plant’s future output. The contract has a term of 15 years.

Once up and running in late 2020, the wind park will be producing enough power each year to meet the annual consumption of about 168,000 homes. The project was originally developed by Roaring Fork Wind LLC, which is a joint venture between RES and Steelhead Americas, in turn being the North American development arm of Danish wind turbine maker Vestas Wind Systems A/S (CPH:VWS).

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Browse all articles from Ivan Shumkov

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

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