GE Energy Financial Services says it is investing $117 million in Horizon Wind Energy's Blue Canyon V wind farm, located in Oklahoma.
Blue Canyon V is a 99 MW expansion of a 225 MW wind project located in the towns of Lawton and Elgin in Comanche County, Okla., and the town of Apache in Caddo County, Okla. In operation since last month, this project was built with GE 1.5 MW turbines and supplies its power to the Public Service Co. of Oklahoma under a 20-year contract.
In addition to Blue Canyon, GE Energy Financial Services invested $111 million to join a previously closed transaction, Vento III, which consists of three wind farms that generate a total of 604 MW: Rattlesnake Road (103 MW), in Oregon; Meridian Way (201 MW), in north central Kansas; and Pioneer Prairie (300 MW), in northeastern Iowa.
The companies also partnered in January 2008, when the GE unit invested $300 million in a 600 MW portfolio of Horizon Wind Energy's projects spanning four U.S. states.
SOURCES: GE Energy Financial Services, Horizon Wind Energy
