in News Departments > Projects & Contracts
print the content item

Schneider Power USA Inc., a wholly owned subsidiary of Toronto-based Schneider Power Inc., has entered into a non-binding memorandum of understanding concerning a proposed cooperation with juwi Wind US Corp. (JWUS), a wholly owned subsidiary of German wind project developer juwi GmbH, for the joint development of up to 300 MW of wind energy projects in the U.S.

Under the terms of the deal, JWUS will jointly develop wind projects with Schneider Power in the Northeast, Midwest and Texas transmission corridors. The total capital cost to realize the contemplated projects is anticipated to be $750 million to $850 million.

"I'm delighted with this exciting new venture," says Thomas Schneider, CEO of Schneider Power. "It is precisely what we had envisioned for Schneider Power USA Inc. and will allow us to introduce our brand to the U.S. market, whilst ensuring the success of our projects continuing our working relationship with a very reputable partner such as juwi."

SOURCE: Schneider Power USA Inc.


Trachte Inc._id1770
Latest Top Stories

Setting The Record Straight: How Many Birds Do Wind Turbines Really Kill?

Several peer-reviewed studies are more or less in agreement with avian mortality rates caused by wind turbines. However, one study, which is wildly off from the others, is most often cited in the media. Why?


Six Takeaways From The IRS' Start Of Construction Guidance: What You Need To Know

The IRS recently issued guidance to wind developers to further spell out what "start of construction" means. Will you be covered?


Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.

Renewable NRG_id1934
Canwea_id1984
Tower Conference_id1965