Geronimo Wind Energy LLC has acquired the Huron County, Mich., wind development assets of Midland Energy LLC. The acquisition marks Geronimo's entrance into the Michigan wind market as it looks to further its acquisition and partnership activities throughout the Midwest and surrounding regions.
‘Favorable market forces, including a strong renewable portfolio standard, a robust and expanding transmission infrastructure, an abundant wind resource, and most importantly, a welcoming community, made our decision to invest in Huron County very easy,’ says Charlie Daum, director of business development at Geronimo.
Midland Energy has been developing these projects since 2004 and decided to sell the assets as they moved closer to the final stages of development and construction.
Geronimo has also hired David Shiflett, a Michigan native, to lead the local development efforts from Geronimo's new office in Pigeon, Mich. The company is moving forward with the 120 MW Apple Blossom wind farm and another Huron County site acquired from Midland.
Once constructed, the Apple Blossom wind farm is expected to include up to 75 wind turbines and will represent a total investment in excess of $200 million. The next steps in developing the project are to finalize the permitting, secure a power purchase agreement and begin construction, all of which will occur over the next couple of years, according to Geronimo.
SOURCE: Geronimo Wind Energy