30 May 2007 — The AES Corporation said that it is expanding its wind generation business in the US through the acquisition of two wind farm projects totaling 186 MW from GE Energy Financial Services. Financial terms of the transaction were not disclosed. With the addition of these two wind farms, AES will have more than 1,000 MW of wind facilities in operation or under construction in the US.
The projects include Lake Benton I, a 106.5 MW wind farm in southwestern Minnesota, and Storm Lake II, a 79.5 MW wind farm in northwestern Iowa. With an installed generation capacity of 186 MW, these two projects can support the energy needs of approximately 50,000 homes in the US.
In addition to the projects in Minnesota and Iowa, AES also finalized an agreement to purchase an additional 4.25 MW of wind generation assets in Tehachapi, Calif. from a California-based wind farm owner.