MidAmerican Energy Holdings Co. subsidiary MidAmerican Renewables on March 30 said it has completed the acquisition of the 81-MW Bishop Hill II wind project from Invenergy Wind LLC.
The company did not disclose financial terms of the deal.
Bishop Hill II, located in Henry County, Ill., currently is in construction and will feature 50 General Electric 1.62-MW wind turbines. Construction began in fourth quarter 2011, and the project is expected to be in commercial operation in fourth quarter 2012.
Under a 20-year power purchase agreement, Ameren Illinois will purchase the electricity from the project.
“The Bishop Hill II wind project demonstrates MidAmerican Renewables’ commitment to environmental respect and renewable energy,” MidAmerican Renewables President Bill Fehrman said. “The closing of the Bishop Hill II acquisition adds to our growing portfolio of renewable energy assets. We continue to focus on growing our portfolio of renewable energy projects and look forward to evaluating and acquiring wind projects similar to this.”
Bishop Hill II is the second phase of Invenergy’s Bishop Hill Wind Energy Center. The first phase, Bishop Hill I will remain an Invenergy-owned and operated project.
Bishop Hill I, which includes 133 GE wind turbines, is under construction in Henry County, with commercial operations due to commence in mid-2012.