Officials with Volkswind USA and Goldwind USA says that Chicago-based Goldwind USA has acquired two, 10-MW wind farms, referred to as the Musselshell Project, in Shawmut, Montana. Volkswind has obtained the necessary permits for construction and secured power purchase and interconnection agreements with NorthWestern Energy. The project is expected to begin construction soon with commercial operations as early as Q3 2012.
The Musselshell wind-farm concept originated with a landowner who worked with Volkswind to advance the project. Volkswind has been building and operating wind farms in Europe since 1993. Terms of the deal were not disclosed.
According to Jeffrey Wagner, President of Volkswind USA, Goldwind’s permanent magnet, direct drive, and grid-friendly turbines provide an ideal fit for the site. “Goldwind’s gearless technology is relatively unique in the us market. Its megawatt size, efficiency, and reliability perfectly matches the requirements of the wind farm,” said Wagner.
Company VP Matthew Olive says the deal demonstrates continued acceptance of Goldwind’s technology in the West. “This sale marks our 14th deal in the Americas since we entered the market in June of 2010,” he added.
“This project marks Goldwind’s third acquisition in the United States accompanied by our project in Pipestone, Minnesota and our 109.5 MW Shady Oaks project in Lee County, Illinois,” said Goldwind USA CEO Rosenzweig. “Through our affiliate, Goldwind Capital, we have worked to offer a variety of financing solutions to support our customers’ projects in the United States, including common equity, mezzanine financing, and project finance.”
“I’m pleased to welcome Goldwind and the local tax revenue and jobs this project will bring to Montana,” said Montana’s senior us Senator Max Baucus, who met with Goldwind Group CEO Wu Gang and Tim Rosenzweig in Beijing in 2010 to discuss opportunities for doing business in Montana.
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