Published on October 2nd, 2012 | by Joshua S Hill1
Warren Buffet’s MidAmerican Wind Acquires Two Huge Alta Wind Projects
October 2nd, 2012 by Joshua S Hill
MidAmerican Wind announced Sunday the purchase of two wind projects from California Highwind Power, a subsidiary of Terra-Gen Power. The two projects – the 168-megawatt Alta Wind VII and the 132-megawatt Alta Wind IX — are part of the Alta Wind Energy Center and will feature a total of 100 Vestas 3-megawatt V90 wind turbines.
“The Alta Wind VII and Alta Wind IX projects demonstrate MidAmerican Wind’s commitment to developing wind generation in the U.S.,” said Tom Budler, president of MidAmerican Wind. “The two projects, which are part of the largest wind farm in the country, make an excellent addition to our growing portfolio of renewable energy assets as we continue to evaluate and acquire wind projects.”
When the Alta Wind Energy Center is fully complete, it will contain a total capacity of 1,320 megawatts. Southern California Edison — the primary electricity supply company for much of Southern California — will purchase electricity from each of the projects under the terms of power purchase agreements that currently extend to 2035.
“With the addition of this 300-megawatt wind project, MidAmerican Renewables’ portfolio includes more than 1,250 megawatts of owned renewable energy assets, enabling us to help meet the need for energy generated from renewable resources,” said Bill Fehrman, president of MidAmerican Renewables. “We are excited about this project and look forward to finding more opportunities to own and operate renewable energy resources that support our core principle of environmental respect.”
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