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.



Trachte Inc._id1770
Latest Top Stories

Renewables Make Up Over 50% Of New U.S. Power In First Half Of 2014

According to a recent government report, renewable energy sources, such as wind and solar, continue to dominate new electric generating capacity.


Suzlon Facility Lends Key Assist In Developing 'The Wind Technicians Of Tomorrow'

The turbine manufacturer’s Elgin, Ill.-based training facility is the culmination of a program that puts a new twist on a proven method of instruction.


Having Their Say: CanWEA Clarifies True Source Of Canadian Wind Success

The Canadian Wind Energy Association (CanWEA) takes issue with a recent report summary regarding various renewable energy policies in North America.


FWS Issues Landmark Eagle Take Permit: What Does It Mean For Wind Projects?

The U.S. Fish and Wildlife Service's (FWS) recent decision has far-ranging implications for operating wind farms, as well as for those under development.


'Significant' Opportunity Exists Within Wind Energy's O&M Services Market

An increasing number of wind turbines are nearing the end of their warranty period, creating significant revenue-generating opportunities within the wind turbine operations and maintenance (O&M) sector.

Renewable NRG_id1934