Sempra U.S. Gas & Power has announced it is selling a 50% share in its Broken Bow II wind project to ConEdison Development (CED), an unregulated subsidiary of Consolidated Edison Inc. Terms of the agreement were not disclosed.
Located in Custer County, Neb., the 75 MW wind project entered into commercial operation on Oct. 1 and features 43 GE turbines. The project sells its output to the Nebraska Public Power District under a 25-year contract.
Under the sales agreement, Sempra and CED holding companies will each own a 50% interest in the wind facility. Sempra notes it will continue to provide operations and maintenance services for the plant.
"We are pleased to partner with Consolidated Edison Development on our newest wind farm as we continue to diversify our renewables portfolio and demonstrate our commitment to clean energy development," says Kevin C. Sagara, vice president of renewables for Sempra U.S. Gas & Power. "This strategy supports our ongoing plan to redeploy proceeds into new renewable projects."
Earlier this year, the two companies announced an agreement to partner in five solar projects in Nevada and California. To date, Sempra U.S. Gas & Power and CED have partnered in six solar facilities and one wind facility.
"ConEdison Development has built a strong working relationship with Sempra U.S. Gas & Power, and we believe that this first joint wind project will be as successful and beneficial as our joint solar facilities," says Mark Noyes, senior vice president and chief operating officer of CED.
