Eleven wind parks in the Idaho Wind Partner Project will have the capacity to generate 183 MW. GE Energy Financial Services, Atlantic Power, and Exergy will own a non-managing member equity interests in the project. Reunion Power will hold a managing member equity interest and will act as the manager of the project. The wind farms will sell all their power to Idaho Power Company under 20-year agreements. Once completed, the portfolio is expected to qualify for the federal U.S. Treasury cash-grant program intended to stimulate renewable energy projects. Construction company Fagen Inc initiated project construction in June and is expected to complete the wind farms by the end of the year.
The Hunton Willimans Ridgeline wind project in Idaho
Hunton & Williams LLP has acted as project counsel for renewable energy development company Exergy Development Group LLC in partnership with GE Energy Financial Services, Reunion Power, and Atlantic Power Corporation to invest in Idaho’s largest wind power project. All three companies made equity investments in the nearly half-billion-dollar portfolio of 11 wind farms developed by Exergy.
“This is a significant project for renewable energy development and for Idaho. The project underscores Exergy’s core values of supporting the environment while developing power generation projects,” says Raj Pande, partner in the firm’s energy and project finance practice, who led the Hunton & Williams team.
Hunton & Williams LLC
Filed Under: Projects
