FPL Energy closes on acquisition of 106 MW of wind assets in California

JUNO BEACH, Fla., Dec. 19, 2003 -- FPL Energy, LLC, said that it completed its acquisition of California wind power generation projects from Enron. The company acquired 106 megawatts (MW) of wind assets for $82 million.

Certain FPL Energy indirect subsidiaries purchased 100 percent of the assets of the 40-MW Cabazon and the 16.5-MW Green Power projects near Palm Springs. In addition, the company purchased Enron's 50 percent ownership interest in both the 77-MW Sky River and the 22-MW Victory Garden Phase IV projects. FPL Energy already owned 50 percent of both Sky River and Victory Garden Phase IV projects.

"We are pleased to complete this transaction and add these projects to our industry-leading portfolio," said Jim Robo, president of FPL Energy.

With the exception of the Green Power project, all of these projects sell 100 percent of their output to Southern California Edison under long-term contracts.

FPL Energy is a leading wholesale generator of clean energy, including natural gas, wind, solar, hydroelectric and nuclear. It is the nation's leader in wind energy with 37 wind facilities in operation in 14 states. FPL Energy has a generating portfolio of more than 10,000 net megawatts in operation with more than 2,500 megawatts coming from clean and renewable wind energy. It is a subsidiary of FPL Group, one of the nation's largest providers of electricity-related services with annual revenues of more than $9 billion. FPL Group's principal subsidiary is Florida Power & Light Company, one of the nation's largest electric utilities, serving more than 4 million customer accounts in Florida. Additional information is available on the Internet at http://www.FPLEnergy.com, http://www.FPLGroup.com and http://www.FPL.com.


Sponsored by FLSmidth

Related Articles

Spanish spent nuclear fuel facility contracts awarded for $3.6mn

Gas Natural Fenosa Engineering and Tecnatom signed a 3.1 million euros ($3.6 million) contract to design a centralized temporary nuclear waste storage facility in Villar de Cañas in Spain.

Maine wood pellet company to build Turboden biomass power plant

Turboden, a company of Mitsubishi Heavy Industries Ltd. (MHI) was chosen to supply a biomass-based Organic Rankine Cycle (ORC) power plant in Maine.

Follow Power Engineering on Twitter

Latest News

 MS Power coal-to-gas conversion nearly complete

MS Power coal-to-gas conversion nearly complete

A coal-to-gas conversion project at a power plant operated by Mississippi Power is nearly com...
 North Anna nuclear power plant shuts down

North Anna nuclear power plant shuts down

Unit 1 of the North Anna nuclear power plant automatically tripped offline Feb. 26 as workers...
 Oklahoma leaders looking for more wind regulations

Oklahoma leaders looking for more wind regulations

With wind energy production in full swing in Oklahoma, legislative leaders are looking to imp...

Second-oldest nuclear reactor in S. Korea OK to restart

South Korea’s nuclear watchdog approved a plan to restart a 679-MW nuclear power unit that wa...
 SunEdison to bring power to 20Mn people by 2020

Video: SunEdison to bring power to 20Mn people by 2020

SunEdison, Inc. (NYSE: SUNE) announced plans to bring electricity to 20 million people in und...
02-25 Henry Hub Average Natural Gas Spot Prices

02/25 Henry Hub Average Natural Gas Spot Prices

The Henry Hub is the pricing point for natural gas futures contracts traded on the New York M...
 GDF Suez wants Areva to deliver nuclear reactors, wind turbines

GDF Suez wants Areva to deliver nuclear reactors, wind turbines

GDF Suez says it received guarantees from Areva for planned nuclear reactors in Turkey and wi...
 CB&I: We’re not liable for $247mn nuclear power project penalties

CB&I: We’re not liable for $247mn nuclear power project penalties

Chicago Bridge & Iron (CB&I, NYSE: CBI) say they should not be liable for any of the ...

Power Engineering Current Issue

12/01/2014
Volume 118, Issue 12
1412pe-cover1

Products Showcase

Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Buyers Guide Categories

Buyers Guide Product Listings

Sargent & Lundy Construction Management Services

Providing complete construction management and ...

Mechanical Services

Expert mechanical services range from boiler ma...

Power Industry Wire News

Intergraph(R) CADWorx & Analysis University Express in India During March to Include Sessions on Designing Plants and Offshore Facilities

Intergraph(R) CADWorx & Analysis University Express in India During March to Include Se...

What's Coming to the Energy Sector in 2015?

What's Coming to the Energy Sector in 2015?

SL Series Is Tinius Olsen's New Generation of Hydraulic Universal Testing Machines

SL Series Is Tinius Olsen's New Generation of Hydraulic Universal Testing Machines

Manitok Energy Inc.'s CEO Mass Geremia Interviewed by The Energy Report

Manitok Energy Inc.'s CEO Mass Geremia Interviewed by The Energy Report

UGE International Ltd. Announces Private Placement

UGE International Ltd. Announces Private Placement

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>