Scout Clean Energy has signed a 15-year power purchase agreement (PPA) with Constellation, an Exelon company, for approximately 80% of the renewable energy and capacity generated by the Bitter Ridge Wind Farm in Indiana.
In September, Scout received final local approvals for the 130 MW wind farm to proceed to construction. The project will have up to 52 GE wind turbines, located on approximately 10,000 acres in Jay County. Scout has a balance-of-plant services agreement with Mortenson.
“We are excited to announce our agreement with Constellation to purchase power from the Bitter Ridge Wind Farm for the next 15 years,” says Michael Rucker, CEO and founder of Scout. “Constellation has agreed to purchase both renewable energy production and capacity that will be generated and made available by the Bitter Ridge Wind Farm once built and operational. Their long-term purchase commitment demonstrates why Constellation is one of America’s leading clean energy providers.”
The Bitter Ridge project is expected to begin construction later this year and become operational in September 2020. Scout – the owner, operator and developer of the project – is a portfolio company of Quinbrook Infrastructure Partners, a private equity infrastructure fund.
“The PPA with Constellation is one of the final steps for the project to begin construction and commercial operation,” Rucker adds. “We expect to confirm the appointment of our construction financiers and tax equity finance providers shortly and to move swiftly to financial close. Scout is excited to offer this economic benefit to our landowner partners and to the broader Jay County community. We look forward to being an active contributor to the community for many years to come.”
