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.

IowaDeptEconDevel_id1863

Helukabel_id1908
Latest Top Stories

Bird Groups Target LEEDCo's Icebreaker Offshore Wind Pilot

Two bird conservation groups that helped halt a wind project earlier this year argue that Lake Erie Energy Development Corp.'s (LEEDCo) 18 MW offshore demo poses a major risk to regional wildlife.


Report Disputes U.S. Agency's Renewable Energy Projections

A new analysis from the Sun Day Campaign says renewables are slated to provide 16% of U.S. generating capacity by 2018 - over 20 years earlier than forecast by the Energy Information Administration.


Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.


Feds List New Bird Species As Threatened - Should Wind Developers Be Worried?

The U.S. Fish and Wildlife Service is designating the lesser prairie-chicken as threatened under the Endangered Species Act. An expert explains how this might affect the wind industry.

JLG_id1900
UEA_id1896
Acciona_id1907
WomenofWind_id
bonfiglioli_id1913
AWEA_id1886