RES Americas Executes Power Purchase Agreement for 114 Megawatts of Wind Energy
Renewable Energy Systems Americas Inc. (RES Americas), a leader in the development, engineering, and construction of wind, solar, transmission, and energy storage projects in North America, announced that its subsidiary RES America Developments Inc. has entered into a 20-year power purchase agreement (PPA) with Wolverine Power Supply Cooperative, Inc. (Wolverine) for 114 megawatts (MW) of wind energy and associated renewable energy credits in the Thumb of Michigan.
The wind power will be sourced from the Deerfield Wind Energy project, which is located in Huron County, Michigan. The project, located on approximately 20,000 acres in the townships of Huron, Bloomfield, Dwight, and Lincoln, will provide up to 200 jobs during the peak of construction and up to six permanent jobs once construction is completed. Currently more than 215 local landowners are participating in Deerfield Wind Energy and will receive landowner royalty payments from the project.
RES Americas developed and will construct the project and Wolverine, which is owned by and supplies wholesale electric power to seven members, will be the recipient of the 114 MW of electricity generated by the project. Deerfield Wind Energy is scheduled to reach commercial operation by December 31, 2016.
“We are delighted to help Wolverine deliver clean wind energy to its member-owners at a very attractive cost,” said Glen Davis, Chief Executive Officer of RES Americas. “Wolverine’s commitment to purchase the Deerfield Wind Energy project’s electrical output will bring investment and jobs to the state and local community that have supported us through the development cycle.”
“Wolverine is very pleased to be adding competitively priced wind energy to its power supply portfolio for its members,” said Eric Baker, President and CEO of Wolverine. “This PPA not only positions Wolverine and its members to meet Michigan’s Renewable Portfolio Standard requirement of 10 percent renewable power supply by 2015, it also further diversifies Wolverine’s overall energy portfolio.”
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Tags: Michigan, RES Americas, wind energy, wind power, Wolverine Power Supply Cooperative
