General Electric (NYSE: GE) will be investing common equity and supplying turbines for the 250 MW Buffalo Dunes Wind Project, according to the company. GE is partnering with Enel Green Power, which also owns part of the project.
GE Energy Financial Services now owns 51 percent of the project, which is under construction southwest of Garden City, Kan. Enel Green Power maintains a 49 percent ownership stake and retains an option to increase its stake to 75 percent if elected during certain periods in 2013 and 2014. Enel Green Power also serves as project manager.
GE will also be supplying 135 wind turbines for the project and will provide operations and maintenance after its completion. The power generated from the project will mostly be bought by Alabama Power Co. under a 20-year power purchase agreement.
The project is expected to be completed by December.
The Buffalo Dunes Wind Project is the latest in a series of co-owned projects with GE and Enel Green Power. The companies invested in the 235 MW Chisholm View wind project in Oklahoma and the 200 MW Prairie Rose wind project in Minnesota last year. Both projects also feature GE wind turbines. The GE unit and Enel Green Power North America also invested in the 101 MW Smoky Hills wind farm in Kansas and the 63 MW Snyder wind farm in Texas.
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