Iberdrola Renewables Signs Its Largest PPA Ever with
TVA, Power to Come from Illinois' Largest Wind Farm
14, 2010 - BUSINESS WIRE
Iberdrola Renewables, the largest
provider of wind power in the world, today announced its biggest power purchase
agreement (PPA) ever with a new customer, the Tennessee Valley Authority (TVA).
TVA will purchase 300 megawatts (MW) of clean, renewable energy from Iberdrola
Renewables' Streator Cayuga Ridge South Wind Power Project under construction
near the villages of Odell and Emington, Illinois, south of Chicago.
Iberdrola Renewables, the largest provider of wind power in the world, today announced
its biggest power purchase agreement (PPA) ever with a new customer, the Tennessee
Valley Authority (TVA). TVA will purchase 300 megawatts (MW) of clean, renewable
energy from Iberdrola Renewables' Streator Cayuga Ridge South Wind Power Project
under construction near the villages of Odell and Emington, Illinois, south of
TVA will purchase the wind energy from Portland, Oregon-based
Iberdrola Renewables as part of its effort to add 2,000 MW of new renewable or
clean energy resources to the TVA generating system.
power is a clean and limitless source of energy that directly enhances TVA's mission
of environmental stewardship," said TVA Executive Vice President Van Wardlaw.
"When we look at all the options for renewable sources, it makes sense for TVA
to invest in wind energy."
"Iberdrola Renewables is thrilled
to welcome TVA to our growing list of customers and to supply TVA from our newest
Illinois wind farm," said Martin Mugica, Executive Vice President for Iberdrola
Renewables. "We look forward to working on bringing even more clean, renewable
energy online for this important new customer."
Streator Cayuga Ridge South wind farm in Livingston County, Illinois is expected
to be placed in service in the spring of 2010.
"As one of
the best sources of clean alternative energy, wind power is an important part
of our effort to reduce America's dependence on foreign oil," said U.S. Senator
Dick Durbin. "In addition to the clean source of electricity, the wind farm also
means good-paying jobs in the region and a significant investment in Livingston
County's economic future."
"I am delighted to see this project
go on-line. I've long advocated the exploitation of wind - a free and perpetual
resource of unlimited abundance in Central Illinois. We are indebted to Iberdrola
Renewables and the TVA for making this vision a reality, and for joining in the
cause of energy independence and environmentally friendly economic stimulus,"
said U.S. Rep. Timothy V. Johnson.
"Once the Cayuga Ridge
project is completed, Illinois will far surpass 1,000 mega-watts of installed
wind generating capacity in the state," said Illinois Department of Commerce and
Economic Opportunity Director Warren Ribley. "Iberdrola Renewables' investment
in Illinois is not only good for our environment, but also for our economy, by
bringing 331 direct construction jobs and substantial investment into Livingston
County and the surrounding region."
Iberdrola Renewables has
a portfolio of nearly 3,500 MW of wind power currently in operation across the
U.S. with additional projects in construction. Iberdrola Renewables is part of
Iberdrola Renovables, the largest provider of wind power in the world, with more
than 10,000 MW of wind power in operation in 23 countries.
is the nation's largest public power provider and is completely self-financing.TVA
provides power to large industries and 157 power distributors that serve approximately
9 million consumers in seven southeastern states. TVA also creates economic development
opportunities and manages the Tennessee River and its tributaries to provide multiple
benefits, including flood damage reduction, navigation, water quality and recreation.
SOURCE: Iberdrola Renewables