Enbridge Inc. recently announced the acquisition of a 100-percent interest in the 103-MW New Creek Wind Project from EverPower Wind Holdings, LLC, an independent U.S. renewable energy developer. Enbridge’s total investment is approximately $0.2 billion.
Located in Grant County, West Virginia, New Creek Wind will comprise 49 Gamesa G97/G90 turbines and is targeted to be in service in December 2016. The project was developed by EverPower Wind Holdings.
“With strong fundamentals and commercial underpinnings, the New Creek Wind Project is a strong fit within our low-risk value proposition and advances a key corporate priority of growing our renewable generation platform,” said Vern Yu, senior vice president, corporate planning and chief development officer at Enbridge Inc. “We welcome the relationship with EverPower, a safe and community-focused developer, owner, and operator of U.S. wind projects.”
The project is backed by renewable energy credit (REC) sales and off-take agreements with fixed pricing through mid- and long-term contracts.
New Creek will be constructed under a fixed-price engineering, procurement, and construction (EPC) agreement with White Construction Inc. Gamesa will provide turbine O&M services under a five-year fixed price contract, following which Enbridge will operate.
Including this acquisition, Enbridge has invested approximately $5 billion in renewable power generation and transmission since 2002. Enterprise-wide, the company now has interests in nearly 2,000 MW of net renewable generating capacity operating, secured, or under construction.
— Source: Enbridge
For more information,
go to www.enbridge.com.