Dive Summary:
- MidAmerican Energy has agreed to buy two California wind projects from developer Terra-Gen Power and will sell the generated electricity to Southern California Edison under long-term power purchase agreements.
- The two projects, which are currently under construction about 120 miles north of Los Angeles, will total 300 megawatts of peak electric capacity; the farms will be part of the larger Alta Wind Energy Center located in Tehachapi, California, much of which is already in operation.
- The Terra-Gen wind farms are being built in order to take advantage of a federal wind subsidy that may expire at the end of the year.
From the article:
MidAmerican Energy has agreed to buy two wind projects under construction about 120 miles north of Los Angeles from the wind developer Terra-Gen Power.
Terms of the sale were not disclosed. ...