Geronimo Energy has bought the 225MW Green River Wind Farm project in the US state of Illinois from its current developer, Ireland’s Mainstream Renewable Power (MRP).
Geronimo is already developing a wind farm adjacent to Green River – the 210MW
Walnut Ridge – at the projects’ location some two hours’ drive southwest of Chicago.
Walnut Ridge is at
an advanced stage and Geronimo said the acquisition of the second project makes
sense on several fronts.
Blake Nixon, the
company’s president, said: "It gives Geronimo flexibility and scalability
when speaking with power purchasers, and it means the local communities have
one point of contact, which keeps communication very simple.
“We feel that
having two projects side by side in such a desirable market as Illinois
strengthens the prospects for both developments."
qualified both wind farms under the terms of the recently-expired Production
Tax Credit (PTC), the company added.
working on the up-to-225MW Green River in 2009. The project is sited on 5,500
hectares of mainly agricultural land that is said to boast “competitive” wind speeds.