Scout Clean Energy has signed a 15-year Power Purchase Agreement (PPA) with Constellation (an Exelon company) for the long-term purchase of about 80% of the renewable energy and capacity generated by the 130-MW Bitter Ridge Wind Farm in Indiana.
In September, Scout received final local approvals for the Bitter Ridge Wind Farm to proceed with construction. The project will have installed capacity of 130 MW, using up to 52 wind turbines on approximately 10,000 acres in Jay County.
“We are excited to announce our agreement with Constellation to purchase power from the Bitter Ridge Wind Farm for the next 15 years,” said Michael Rucker, CEO and founder of Scout Clean Energy. “Constellation has agreed to purchase both renewable energy production and capacity that will be generated and made available by the Bitter Ridge Wind Farm once built and operational. Their long-term purchase commitment demonstrates why Constellation is one of America’s leading clean energy providers.”
The Bitter Ridge project is expected to begin construction later this year with an anticipated in-service date of September 2020. Bitter Ridge is being developed and will be owned and operated by Scout Clean Energy. Scout is a portfolio company of Quinbrook Infrastructure Partners, a leading private equity infrastructure fund.
“The PPA with Constellation is one of the final steps for the project to begin construction and commercial operation,” Rucker said. “We expect to confirm the appointment of our construction financiers and tax equity finance providers shortly and to move swiftly to financial close. Scout is excited to offer this economic benefit to our landowner partners and to the broader Jay County community. We look forward to being an active contributor to the community for many years to come.”
Filed Under: News, Projects