Enbridge Inc. has entered into an agreement with Renewable Energy Systems Americas Inc. (RES Americas) under which a U.S. affiliate of Enbridge Inc. will own and operate the 250 MW Cedar Point Wind Energy Project.
Enbridge will invest $500 million in the project, which RES Americas will construct under a fixed-price engineering, procurement and construction (EPC) contract.
The Cedar Point Wind Energy Project, developed by RES Americas, is located approximately 80 miles east of Denver. Construction of the project is expected to begin soon, with substantial completion expected in late 2011. The project will deliver electricity to the Public Service Company of Colorado (PSCo) electricity transmission grid under a 20-year, fixed-price power purchase agreement.
The Cedar Point Wind Energy Project will comprise 139 Vestas 1.8 MW turbines, which will be connected to the PSCo grid by a 42-mile transmission line. RES Americas will construct the wind farm and transmission line under a fixed price, turnkey EPC agreement with Enbridge. Vestas will provide operations and maintenance services under a five-year, fixed-price service, maintenance and warranty agreement.
Enbridge and RES Americas expect the project to create up to 250 construction jobs and, through its ongoing operations, generate revenue for businesses in the region.
SOURCE: Enbridge Inc.