in News Departments > Projects & Contracts
print the content item

Germany-based E.ON has sold half of its U.S. wind power capacity to Danish pension fund PensionDanmark. The transaction involves the following wind farms:

  • Papalote Creek I (Texas), 180 MW, 109 Vestas wind turbines;
  • Papalote Creek II (Texas), 200 MW, 87 Siemens wind turbines; and
  • Stony Creek (Pennsylvania), 53 MW, 35 GE wind turbines.

This is PensionDanmark's first investment in U.S. wind farms. The company will acquire a 50% ownership share in the projects, and E.ON will be responsible for the day-to-day operation of the wind farms.

Ninety percent of the power generated by the projects will be sold under fixed-price power purchase agreements running for another 15 years. The wind farms supply approximately 120,000 households with power, according to E.ON.

The final transaction is subject to regulatory approval and certain financing arrangements. According to Marcus Schenck, E.ON’s chief financial officer, more transactions are likely to follow.



Trachte Inc._id1770
Latest Top Stories

Renewables Make Up Over 50% Of New U.S. Power In First Half Of 2014

According to a recent government report, renewable energy sources, such as wind and solar, continue to dominate new electric generating capacity.


Suzlon Facility Lends Key Assist In Developing 'The Wind Technicians Of Tomorrow'

The turbine manufacturer’s Elgin, Ill.-based training facility is the culmination of a program that puts a new twist on a proven method of instruction.


Having Their Say: CanWEA Clarifies True Source Of Canadian Wind Success

The Canadian Wind Energy Association (CanWEA) takes issue with a recent report summary regarding various renewable energy policies in North America.


FWS Issues Landmark Eagle Take Permit: What Does It Mean For Wind Projects?

The U.S. Fish and Wildlife Service's (FWS) recent decision has far-ranging implications for operating wind farms, as well as for those under development.


'Significant' Opportunity Exists Within Wind Energy's O&M Services Market

An increasing number of wind turbines are nearing the end of their warranty period, creating significant revenue-generating opportunities within the wind turbine operations and maintenance (O&M) sector.

Renewable NRG_id1934