in News Departments > Projects & Contracts
print the content item

Irvine, Calif.-based Composite Technology Corp.'s subsidiary, DeWind Inc., has entered into agreements with Higher Perpetual Energy LLC to form DeWind SWI Wind Farms LLC, to develop wind farms totaling up to 620 MW of capacity.

SWI Wind Farms plans to develop four wind energy projects in the Texas panhandle: Little Pringle One (10 MW), Little Pringle Two (10 MW), Big Pringle (200 MW) and Palo Duro (400 MW).

DeWind intends to supply wind turbines to the projects at agreed-upon prices - subject to cost escalators - and Higher Perpetual Energy is committing to perform further development services. The projects should generate in excess of 2 billion kWh of energy per year when they are completed.

"We see SWI Wind Farms as an opportunity to leverage our turbine supply and secure the opportunity to add value through development that should effectively increase the margin for each turbine produced and sold into the wind farms," says Benton Wilcoxon, CEO of Composite Technology.

DeWind has begun discussions with certain investors that have expressed interest in participating in the wind farm projects in exchange for ownership positions, tax benefits and income from the power sales. DeWind initially will be the 51% controlling member of SWI Wind Farms. SWI Wind Farms has made arrangements with contractors to begin construction of the first 10 MW farm.

SOURCE: Composite Technology Corp.


Trachte Inc._id1770
Latest Top Stories

Setting The Record Straight: How Many Birds Do Wind Turbines Really Kill?

Several peer-reviewed studies are more or less in agreement with avian mortality rates caused by wind turbines. However, one study, which is wildly off from the others, is most often cited in the media. Why?


Six Takeaways From The IRS' Start Of Construction Guidance: What You Need To Know

The IRS recently issued guidance to wind developers to further spell out what "start of construction" means. Will you be covered?


Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.

Canwea_id1984
Renewable NRG_id1934
Tower Conference_id1965