ABB_id2059
in News Departments > Projects & Contracts
print the content item

An Austrian energy consortium, the wind company GmbH, will acquire a one-third interest in Springfield Project Development LLC's 405 MW Sugar Creek wind project, which is now in advanced development in central Illinois.

The Sugar Creek project has been a joint venture of American Wind Energy Management Corp. (AWEM) and Oak Creek Energy Systems Inc., a subsidiary of Marubeni Corp. The project has obtained land rights, as well as advanced transmission interconnection and site development and permitting.

Marubeni Corp., a Japanese trading company, provided funding for the initial stages of development in concert with Euro Wind Energy Management GmbH and KG, a German developer.

The Sugar Creek project is expected to be constructed in multiple phases over the next three years, with commercial operation for the first phase set for late 2011.

SOURCE: Oak Creek Energy Systems Inc.

IOWA Economic Development id2073

Trachte_id2056
Latest Top Stories

More Investors Entering Tax Equity Market; Returns Holding Steady

The entry of new tax equity investors to the wind space last year re-ignited an old debate.


Report: Top 10 Turbine OEMs Had Record Year In 2014

Preliminary findings suggest Vestas reigned supreme again among the world's leading wind turbine makers. How did some of the other OEMs fare?


AWEA's Gramlich To FERC: Additional Transmission Needed Regardless Of Clean Power Plan

To further build a more balanced and reliable electricity portfolio, the U.S. needs to build more transmission capacity.


Getting A Grip On Grinding Gearboxes: Why Such Events Need Not Be Showstoppers

Despite advances in gearbox reliability - namely, from condition monitoring systems and greater design standardization - challenges remain.


How Wind Energy Can Meet EPA Clean Power Plan Requirements

According to the American Wind Energy Association, wind power is a cost-effective solution for complying with the environmental effort.

Hybrid Energy Innovations 2015