in News Departments > Projects & Contracts
print the content item

Schneider Power USA Inc., a wholly owned subsidiary of Toronto-based Schneider Power Inc., has entered into a non-binding memorandum of understanding concerning a proposed cooperation with juwi Wind US Corp. (JWUS), a wholly owned subsidiary of German wind project developer juwi GmbH, for the joint development of up to 300 MW of wind energy projects in the U.S.

Under the terms of the deal, JWUS will jointly develop wind projects with Schneider Power in the Northeast, Midwest and Texas transmission corridors. The total capital cost to realize the contemplated projects is anticipated to be $750 million to $850 million.

"I'm delighted with this exciting new venture," says Thomas Schneider, CEO of Schneider Power. "It is precisely what we had envisioned for Schneider Power USA Inc. and will allow us to introduce our brand to the U.S. market, whilst ensuring the success of our projects continuing our working relationship with a very reputable partner such as juwi."

SOURCE: Schneider Power USA Inc.


Trachte Inc._id1770
Latest Top Stories

Federal Appeals Court Finds Obama's Wind Farm Decision Unconstitutional

A federal appeals court ruled that the U.S. government violated the constitutional rights of Chinese-owned Ralls Corp. when ordering the divestment of four Oregon wind farms.


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.

Navigant_id1983
Renewable NRG_id1934
Canwea_id1984