in News Departments > New & Noteworthy
print the content item

CPV Wind Ventures LLC, a joint venture between Competitive Power Ventures Inc. and affiliates of ArcLight Capital Partners, has reached an agreement with Iberdrola Renewable Energies USA Ltd., a wind project developer based in Wayne, Pa., in which Iberdrola will acquire all interests in CPV Wind.

CPV Wind has developed a diverse portfolio of projects totaling 3,500 MW across 15 states, the company says. It is expected that commercial operation of the projects will start as soon as 2008.

"CPV Wind's sale to Iberdrola will ensure these projects are commercially competitive and help meet this nation's goal of increasing the supply of clean, renewable electric generation," comments Doug Egan, CPV's chair and chief executive officer.

According to the companies, the transaction is expected to close by early May.


Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

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?


GE Blade Crashes At Mehoopany Wind Farm In Pennsylvania

The turbine manufacturer says the Nov. 2 incident is "isolated and unrelated" when compared to earlier blade issues.

Renewable NRG_id1934
Hybrid Energy Innovations 2015
BG 2015DblBox_id2032