AES Sues Exergy Over Missed Wind Turbine Payments

Posted by NAW Staff on August 29, 2012 No Comments
Categories : FYI

AES has initiated a lawsuit against Exergy Development in federal court, alleging that Exergy has not finished paying for wind turbines.

According to Exergy, the turbines were supposed to be used for Idaho wind projects that are now on hold, thanks to a case still pending before the Idaho Public Utilities Commission that has made project financing more difficult to close.

Exergy says that has had a ripple effect, because the company had to put six Idaho wind projects on hold and, therefore, could not complete the purchase of the wind turbines.

"We have put a substantial down payment on these turbines, and we fully intend to complete our purchase and use them in other projects," notes Exergy CEO James Carkulis.

The wind turbines, manufactured by GE, were supposed to have been used for an AES-developed wind farm in Pennsylvania, Exergy says.

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