Duke Energy Acquires First Eastern US Wind Farm

Duke Energy took another step in expanding its renewable energy portfolio with the announcement that it is acquiring a 70-megawatt wind power project in Pennsylvania – the company’s first in the eastern U.S. The acquisition is expected to close in the third quarter of 2009.

Duke Energy will purchase the North Allegheny Windpower Project from wind turbine manufacturer and project developer Gamesa Energy USA. The North Allegheny project consists of 35 Gamesa wind turbines, each capable of producing two megawatts (MW) of electricity. No other terms were disclosed.

Construction of the wind power project, located in Blair and Cambria counties, Pennsylvania is nearing completion and final commissioning is under way. With the acquisition comes a 23.5-year power purchase agreement to sell all of the output from the wind farm and associated renewable energy credits to FirstEnergy. The site will begin generating renewable electricity later this year.

“The purchase of the North Allegheny Windpower Project in Pennsylvania marks a milestone for Duke Energy and its renewables business,” said Wouter van Kempen, president of Duke Energy Generation Services (DEGS), a business unit of Duke Energy that owns and develops renewable power assets. “This acquisition immediately expands our wind power portfolio beyond the western U.S., where we have half a dozen projects already in operation or under construction.”

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