Late last year, energy company innogy made the final investment decision for the construction of the Scioto Ridge wind farm, a 242-MW project in Hardin and Logan Counties, Ohio. In preparation for construction, the contract for the supply of wind turbines has now been signed.
Siemens Gamesa Renewable Energy will supply 72 wind turbines: 63 x SG 3.4-132 and 9 x SG 2.6-114. The order includes a 10-year service and maintenance agreement with Siemens Gamesa. The total investment in the project will be more than $300 million.
In July 2018, innogy acquired the EverPower Wind Holdings’ U.S. onshore wind development business from UK private equity investor Terra Firma Capital Partners. This acquisition included a development pipeline of more than 2,000 MW of wind projects.
“Only half a year after the successful transaction, we have now started executing the first project. Scioto Ridge represents a large contribution to the achievement of Ohio’s Renewables targets,” said Andrew Young, CEO of Innogy Renewables U.S. Once fully operational, our first U.S. onshore wind farm will be capable of supplying the equivalent of more than 60,000 Ohio homes annually with renewable electricity.”
The electricity production of the Scioto Ridge project will be sold in the wholesale market. For a significant part of the electricity production, innogy also secures the electricity price through a 13-year PPA.
“The project will reach commercial operation in Q4 2020 and qualify for the full federal production tax credit,” said Jason Dagger, Scioto Ridge project manager at Innogy Renewables U.S.The project has been in development for a long time and the host communities and surrounding region will soon receive the benefits we have been predicting for years.”
In parallel, innogy continues to drive the expansion of its U.S. onshore wind business forward. The company plans to meet the final investment decision for the New York projects 126-MW Cassadaga and240-MW Baron Winds projects in 2019 and place them in service also in the fourth quarter of 2020.
innogy will leverage its considerable experience in developing, designing, financing, constructing, and operating renewables assets both independently, and together with project partners and investors to support its valuable growth strategy. In addition to onshore wind, offshore wind, solar and e-mobility are also part of innogy’s scope in the U.S.
Filed Under: Construction, News, Projects