Algonquin Power & Utilities Corp. (APUC) has announced that an affiliate of Algonquin Power Co. (APCo) has acquired a 109.5MW the Shady Oaks wind farm from Goldwind International SO Limited for total consideration to all stakeholders of approximately US$ 148.9 million.
The Shady Oaks wind farm is located in Northern Illinois, approximately 80 km west of Chicago, Illinois and reached commercial operation in June 2012. The wind farm has entered into a 20 year inflation indexed power purchase agreement with Commonwealth Edison. The facility is comprised of 68 Goldwind GW82 1.5MW and 3 Goldwind GW100 2.5MW permanent magnet direct-drive wind turbines. Goldwind has assumed all operations, maintenance, and capital repair responsibilities for the Shady Oaks wind facility pursuant to a 20 year fixed price agreement.
The Shady Oaks wind farm is located in Northern Illinois, approximately 80 km west of Chicago, Illinois and reached commercial operation in June 2012. The wind farm has entered into a 20 year inflation indexed power purchase agreement with Commonwealth Edison. The facility is comprised of 68 Goldwind GW82 1.5MW and 3 Goldwind GW100 2.5MW permanent magnet direct-drive wind turbines. Goldwind has assumed all operations, maintenance, and capital repair responsibilities for the Shady Oaks wind facility pursuant to a 20 year fixed price agreement.
