in News Departments > Projects & Contracts
print the content item

Direct Energy, a non-utility retail energy provider, has signed a 15-year power purchase agreement with Horizon Wind Energy, a wind farm developer and subsidiary of Goldman Sachs Group Inc.

Direct Energy will purchase all of the energy output and renewable energy credits from Horizon Wind's 200 MW Lone Star Wind Farm located 15 miles northeast of Abilene, Texas. The wind farm is scheduled to be operational in the spring of 2007.

"Renewable energy development provides major benefits for industry, consumers and the environment, and the Lone Star Wind Farm specifically affords us the opportunity to secure a long-term source of clean energy and deliver on our commitment to providing our customers with a renewable product," says Phil Tonge, president of U.S. operations for Direct Energy.


Trachte Inc._id1770
Latest Top Stories

Wind Energy Dominates New U.S. Power In October

Data from the Federal Energy Regulatory Commission shows that wind power accounted for over two-thirds of the country's new electricity generating capacity in last month.


Are Fitch Ratings' Claims About Wind Farm Underperformance Unfounded?

A recent report from Fitch Ratings suggests that wind farms underperform due to an overestimation of wind resources, but AWS Truepower says the analysis misses the mark.


SunEdison Buying First Wind In $2.4 Billion Deal

Global solar company SunEdison and its yeildco have announced an agreement to buy the Boston-based developer, a major player in the U.S. wind industry.


U.S., China Reach Ambitious Climate Change Accord

The agreement between the global superpowers leans heavily on the deployment of renewable energy, such as wind and solar.


What The Midterm Elections Mean For The U.S. Wind Industry

Both chambers of Congress are now under Republican control for the first time since 2006. How will wind energy fare?

Hybrid Energy Innovations 2015
Renewable NRG_id1934
BG 2015DblBox_id2032