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

Wind And Solar Helped California Grid During Challenging Summer

According to the California Independent System Operator, the state suffered from heat waves and drought this year, and wind power played a "significant role" in keeping the lights on.


Recapping The Wind Industry's Third-Quarter Deals

Mercom Capital Group recaps investment and merger and acquisition activity during July, August and September.


Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.

Hybrid Energy Innovations 2015
Renewable NRG_id1934
Canwea_id1984
BG 2015DblBox_id2032