Broomfield, Colorado is the future home of a 139-turbine wind farm. Enbridge, Inc., a Canadian firm, agreed to the purchase in late July.
Cedar Point Wind Energy Project is part of Renewable Energy Systems Americas, Inc. who is building the 250-watt wind farm based on the purchase agreement with Enbridge, Inc.
The deal is worth $500 million and will be located only 80 miles east of Denver. The project is scheduled for a 2011 completion and will supply power for 80,000 homes in the area through a power agreement with the Public Service Company of Colorado.
Al Monaco, Executive Vice President of Major Project and Green Energy at Enbridge Inc., said â€œOur green energy investments provide attractive returns and establish a new source of earnings growth that complements existing growth in our liquids and natural gas transportation businesses.â€
Since 2009 Enbridge, Inc. has invested in as much clean energy as the company consumes.
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