Enbridge Inc. (TSX: ENB) (NYSE: ENB) announced Jan. 6 that it has entered into an agreement with Renewable Energy Systems Americas (RES Americas) for construction of the 110-MW Keechi Wind Project, located in Jack County, Texas, at a cost of about $0.2bn.
Construction for Keechi Wind commenced in December 2013 and the project is expected to reach the commissioning phase in the first quarter of 2015. Upon attaining commercial operation, MetLife Inc. will provide tax equity financing for the project.
The project will deliver electricity into the Electric Reliability Council of Texas (ERCOT) market, under a 20-year Power Purchase Agreement (PPA) with Microsoft Corp. Microsoft announced that power purchase deal in November 2013.
“As the nation’s leader in wind energy – both in installed capacity and number of turbines – Texas represents a natural extension for Enbridge’s growing U.S. renewable energy portfolio,” said Don Thompson, Vice President, Green Power & Transmission for Enbridge.
“RES Americas looks forward to continuing our partnership with Enbridge Inc. Texas has shown its commitment to remain a leader in the renewable energy industry, and Keechi Wind, the 19th project we’ve constructed in the state, will help reduce carbon emissions, create jobs, and deliver economic benefits to the local community,” said Brian Evans, Executive Vice President, RES Americas.
The Keechi Wind project is made up of 55 Vestas V100-2.0 MW turbines and will be constructed by RES Americas under a fixed-price, engineering, procurement and construction agreement. A 12-mile generation tie-line will connect the project to Brazos Electric Power Cooperative‘s Joplin substation.
Vestas will provide turbine operations and maintenance services for the first five years of the project after commercial operation date.
Enbridge, a Canadian company, is a North American leader in delivering energy and has been included on the Global 100 Most Sustainable Corporations in the World ranking for the past five years. As a generator of energy, Enbridge has interests in 1,700 MW of renewable and alternative energy generating capacity and is expanding its interests in wind and solar energy and geothermal. Enbridge employs more than 10,000 people, primarily in Canada and the U.S.
RES Americas is a fully-integrated renewable energy company that develops, constructs, owns, and/or operates projects across North America. The company has a construction portfolio of more than 6,500 MW of renewable energy, and offers a full suite of development and construction services for wind, solar, and transmission projects. RES Americas’ corporate office is located in Broomfield, CO with regional offices located in Austin, TX and Minneapolis, MN. RES Americas is part of the RES Group, a leading international renewable energy developer.