Indiana Municipal Power Agency signs agreement to purchase 75 MW of wind power from Alta Farms Wind Project II, LLC.
Tradewind Energy today announced that its subsidiary, Alta Farms Wind Project II, LLC (Alta Farms), has signed a power purchase agreement with the Indiana Municipal Power Agency (IMPA) for power generated from the Illinois-based wind project, Alta Farms Wind Project II (wind project). In the agreement, IMPA will purchase 75 megawatts (MW) of the 200 MW wind project, located in northwest DeWitt County, Illinois.
“IMPA’s agreement with Alta Farms enables the Agency to bolster our diverse power supply portfolio with additional renewable energy,” commented Raj Rao, president and CEO of IMPA. “Alta Farms Wind Project II is a welcome addition to our portfolio, reinforcing our goal to provide our municipally-owned utilities in Indiana and Ohio with a power supply that is low-cost, reliable, and environmentally responsible.”
Alta Farms Wind Project II represents an investment of approximately $290 million and will generate enough renewable electricity to power the equivalent of more than 64,000 U.S. homes per year. Construction of the wind project is anticipated to begin in 2019 and should be completed by the end of 2020.
“We are proud that IMPA chose to purchase wind energy that will be harvested right here in DeWitt County,” said Tom Swierczewski, development director for Tradewind Energy. “This wind project will generate jobs, provide millions in new tax revenue, and create long-term economic value for DeWitt County. Tradewind Energy extends its gratitude to our supporters and landowner partners who have worked hard to ensure Alta Farms Wind Project II is a success for the community.”
ABOUT INDIANA MUNICIPAL POWER AGENCY
The Indiana Municipal Power Agency is the not-for-profit wholesale power provider to 61 cities and towns in Indiana and Ohio who own and operate the municipal electric distribution systems in their communities. IMPA member communities deliver electric service to approximately 330,000 individuals. For more information, visit www.IMPA.com.
Kelly Cooper, Parris Communications