North American Windpower: AES Acquires Wind Farms In Minnesota And Iowa

AES Acquires Wind Farms In Minnesota And Iowa

in News Departments > Projects & Contracts

by NAW Staff Thursday May 31 2007

Arlington, Va.-headquartered AES Corp. has acquired two wind farms totaling 186 MW from GE Energy Financial Services, a unit of General Electric. With the addition of these two wind farms, AES will have more than 1,000 MW of wind facilities in operation or under construction in the U.S., the company says.

The projects include Lake Benton I, a 106.5 MW wind farm in southwestern Minnesota, and Storm Lake II, a 79.5 MW wind farm in northwestern Iowa.

"Through these acquisitions, AES will establish a strong presence in a region where demand for wind power is projected to continue to increase during the next few years," says Ned Hall, AES' president, renewable generation.

In addition to the projects in Minnesota and Iowa, AES recently finalized an agreement to purchase an additional 4.25 MW of wind generation assets in Tehachapi, Calif., from a California-based wind farm owner.

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