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Big investment in wind farms USA

Global Deal: BP, Sempra Energy to Invest $1 Billion in U.S. Wind Farms WSJ, JANUARY 11, 2012, By Cassandra Sweet of Dow Jones Newswires BP PLC and Sempra Energy said Tuesday that together they will invest more than $1 billion in two wind farms under development in Pennsylvania and Kansas.

BP’s wind development unit initially developed the projects and Sempra
bought a 50% equity stake in both facilities, Sempra said.

The Pennsylvania facility is a 141-megawatt wind farm being built by
Renewable Energy Systems Ltd.’s U.S. unit that will use 88
1.6-megawatt wind turbines made by General Electric Co., BP and Sempra
said. The facility has long-term contracts to sell the electricity to
two electric cooperatives…. Wind-farm installations are expected to
grow globally from a $77 billion industry in 2011 to $153 billion in
2017, as markets grow in China, India, Germany, Spain, the U.S. and
other countries, according to a November study by Pike Research.

Sempra, which owns electric and natural-gas utilities in California,
as well as gas pipelines and storage facilities and gas export
terminals in the U.S. and Mexico, has been expanding into the
wholesale solar-power and wind-power markets. Sempra has 325 megawatts
of solar and wind farms, including two wind farms in Indiana and
Colorado that the company co-owns with BP Wind…
http://blogs.wsj.com/dealjournalindia/2012/01/11/global-deal-bp-sempra-energy-to-invest-1-billion-in-u-s-wind-farms/

January 12, 2012 - Posted by Christina Macpherson | business and costs, renewable, USA