Market Overview

Sempra U.S. Gas & Power, Consolidated Edison Development Partner On Nebraska Wind Project

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Sempra U.S. Gas &
Power and Consolidated Edison Development (ConEdison Development) today
announced an agreement to partner on the 75-megawatt (MW) Broken Bow II wind
project in Custer County, Neb.

Jointly owned by Sempra U.S. Gas & Power and Consolidated Edison Development,
the 75-MW Broken Bow II wind farm generates enough renewable energy to power
about 30,000 Nebraska homes.

Under the sales agreement, Sempra U.S. Gas & Power and Consolidated Edison
Development holding companies will each own a 50-percent interest in the wind
facility. Sempra U.S. Gas & Power will continue to provide operations and
maintenance services for the plant, which generates enough renewable energy to
power about 30,000 Nebraska homes.   

"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," said 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."

"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," said Mark Noyes,
senior vice president and chief operating officer of ConEdison
Development. "Together with Sempra U.S. Gas & Power, we are committed to
building a cleaner and more sustainable future."

Construction on the Broken Bow II wind farm began in January 2014. It provided
a boost to the local economy by creating more than 300 jobs during peak
construction. Broken Bow II was placed into commercial operation in October
2014.

Earlier this year, the companies announced an agreement to partner in five
solar projects in Nevada and California. To date, Sempra U.S. Gas & Power and
Consolidated Edison Development have partnered in six solar facilities and one
wind facility. The terms of the agreement were not disclosed.

Posted-In: News

 

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