in News Departments > Projects & Contracts
print the content item

Fortis Merchant and Private Banking, a global financial services firm, has signed a 1.1 million MW, 10-year, fixed-price power purchase agreement with Snyder Wind Farm LLC, a subsidiary of Enel North America Inc.

Snyder Wind Farm is a 63 MW project that consists of 21 Vesta V90s wind turbines, located in Snyder County, Texas. The agreement is designed to provide Snyder with greater revenue stability for the term of the hedge and to accommodate wind seasonality, the companies note. The contract begins in 2008 and runs through February 2018.

"Fortis Energy Marketing & Trading continues to provide wind project developers with customized solutions designed to meet the requirements of both sponsors and creditors with the backing of Fortis' AA- credit," says David Duran, managing director of origination and marketing at Fortis.

Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

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.


Catching Up With The DOE's Down-Select Offshore Winners

The three recipients of key U.S. Department of Energy (DOE) funding provide updates on their offshore wind demonstration projects.


Texas Comptroller Attacks Wind Power, And Industry Fights Back

Texas Comptroller Susan Combs recently released a report calling for an end to wind power subsidies. The Wind Coalition has responded, saying the report is riddled with misinformation.


How To Mitigate Blade Issues And Costly Downtime

Routinely inspecting your turbine's blades can help identify problems early on, ultimately cutting down unscheduled maintenance costs.

Renewable NRG_id1934
Canwea_id1984