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innogy paves the way for first US onshore wind project

Power News - Published on Thu, 24 Jan 2019

Image Source: innogy
Energy company innogy SE paves the way for its first US onshore wind project: At the end of November 2018, innogy took the final investment decision for the construction of the Scioto Ridge wind farm, a 242MW project in Hardin and Logan Counties, Ohio. In preparation for construction, the contract for the supply of wind turbines has now been signed. Siemens Gamesa Renewable Energy will supply 72 wind turbines: 63 x SG 3.4-132 and 9 x SG 2.6-114. The order includes a 10-year service and maintenance agreement with Siemens Gamesa. The total investment in the project will be more than $300 million.

In July 2018, innogy acquired the EverPower Wind Holdings’ US onshore wind development business from UK private equity investor Terra Firma Capital Partners. This acquisition included a development pipeline of more than 2,000 MW of wind projects.

Mr Andrew Young, CEO of Innogy Renewables US said that Only half a year after the successful transaction we have now started executing the first project. Scioto Ridge represents a large contribution to the achievement of Ohio’s Renewables targets. Once fully operational, our first US onshore wind farm will be capable of supplying the equivalent of more than 60,000 Ohio homes annually with renewable electricity. The electricity production of the Scioto Ridge project will be sold in the wholesale market. For a significant part of the electricity production, innogy also secures the electricity price through a 13-year PPA (Power Purchase Agreement). The project will reach commercial operation in Q4 2020 and qualify for the full federal Production Tax Credit.”

Mr Jason Dagger, Scioto Ridge project manager at Innogy Renewables US said that “The project has been in development for a long time and the host communities and surrounding region will soon receive the benefits we have been predicting for years. I am pleased that preliminary construction activities are now underway at the site. Full construction of the wind farm is on schedule to begin in the second quarter of 2019. We plan to commence operations of the entire 72 turbine facility in the fourth quarter of 2020.”

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Posted By : Rabi Wangkhem on Thu, 24 Jan 2019
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