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

Direct Energy, a non-utility retail energy provider, has signed a 15-year power purchase agreement with Horizon Wind Energy, a wind farm developer and subsidiary of Goldman Sachs Group Inc.

Direct Energy will purchase all of the energy output and renewable energy credits from Horizon Wind's 200 MW Lone Star Wind Farm located 15 miles northeast of Abilene, Texas. The wind farm is scheduled to be operational in the spring of 2007.

"Renewable energy development provides major benefits for industry, consumers and the environment, and the Lone Star Wind Farm specifically affords us the opportunity to secure a long-term source of clean energy and deliver on our commitment to providing our customers with a renewable product," says Phil Tonge, president of U.S. operations for Direct Energy.

Hybrid Energy Innovations 2015

Trachte_id2056
Latest Top Stories

The Song Remains The Same: AWEA Says Stable Policy Can Protect U.S. Wind Investment

Although the U.S. wind industry added more than four times the amount of wind in 2014 compared with 2013, predictable policy is needed to sustain its long-term success.


High Net-Worth Investors Claim 'All Of The Above' On Energy, Renewable And Otherwise

According to a recent Morgan Stanley poll, high-dollar investors favor investment in renewable energy technologies, such as wind and solar.


U.S. Wind Power Installations Surpassed 4.7 GW Last Year, Although China Still Leads

Bloomberg New Energy Finance reports that U.S. wind installations came back in a big way from a disappointing 2013.


IRS Specifies Performance, Quality Standards For Small Wind Turbines

The Internal Revenue Service (IRS) recently issued guidelines creating safety and performance standards for small wind turbines to be eligible for the 30% investment tax credit.


Hot Times North Of The Border: Canada Tops Previous Record For Installed Wind Capacity

For the second consecutive year, Canada's wind market has bested the country's previous mark for new installations.

Hybrid Energy Innovations 2015