GE, Acciona open $381 million wind farm in the Dakotas

subscribe

General Electric Co and Spanish energy company Acciona SA said they were partnering on a $381 million wind farm in the Dakotas that can provide 180-megawatts of electricity, or enough to power 60,000 homes.

GE Energy Financial Services is investing $141 million in the Tatanka Wind Farm, which spans 14,000 acres along the border of North Dakota and South Dakota. Wachovia Investment Holdings LLC also provided financing for the project, which went online last month.

The farm is owned and operated by Acciona Energy North America. It is the first U.S. wind farm built entirely by Acciona, the companies said.

"The Dakotas' high wind energy potential and low population means that wind power will be available to transmit to the rest of the Midwest," Susan Nickey, chief financial officer of Acciona's North American unit, said in a statement.

The Tatanka wind farm is the largest in the Dakotas, which are among the top U.S. states for wind energy potential.

Related News

Energy-hungry Europe to brighten profit at US solar equipment makers

NEW YORK - Solar equipment makers are expected to post higher quarterly profit, benefiting from strong demand in Europe for critical components that convert energy from the sun into electricity.

The continent is emerging as a major market for solar firms as it looks to reduce its dependence on the Russian energy supply and accelerate its clean energy transition, brightening up businesses of companies such as Enphase Energy (ENPH.O) and SolarEdge Technologies (SEDG.O), which make solar inverters.

Wall Street expects Enphase and SolarEdge to post a combined adjusted net income of $323.8 million for the April-June quarter, a 56.7% jump from a…

READ MORE
net zero

Net-zero roadmap can cut electricity costs by a third in Germany - Wartsila

READ MORE

denmark wind turbines

Europe Stores Electricity in Natural Gas Pipes

READ MORE

weed zapper

A robot is killing weeds by zapping them with electricity

READ MORE

N.B. Power hits pause on large new electricity customers during crypto review

READ MORE