Detroit Edison has entered into a 20-year agreement with Michigan-based Heritage Sustainable Energy to purchase wind power and renewable energy certificates that will be used to help the utility meet the state's renewable portfolio standard.
The agreement is the first signed by Detroit Edison following passage last fall of a new state law that requires Michigan's electric utilities to provide 10% of their power from renewable resources by 2015.
‘This is the first of many agreements we will be signing to provide renewable energy to our customers,’ says Tony Earley, chairman and CEO of DTE Energy, parent company of Detroit Edison. ‘Michigan's new energy law will encourage the development of renewable energy projects in the state, providing Michigan-based companies like Heritage with incredible growth opportunities today and in the future.’
Heritage Sustainable Energy, headquartered in Traverse City, Mich., plans to install seven to eight large-scale wind turbines at a wind farm near Cadillac in order to fulfill its agreement with Detroit Edison. The wind turbines, which will be capable of producing about 15 MW of renewable energy, are expected to be operational by later this year.
SOURCE: DTE Energy