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 “Our 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.”
Since 2009 Enbridge, Inc. has invested in as much clean energy as the company consumes.
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