The plant, located about 50 miles west of Chicago, consists of 68 Goldwind 1.5MW turbines and three of the group’s 2.5MW units.
News of a possible deal first emerged in late November, when Algonquin revealed it was in talks over a possible purchase without naming Shady Oaks, which was Goldwind's largest US wind asset.
Goldwind claims the deal is an important step to showing its permanent magnet direct-drive (PMDD) wind turbines are seen as viable assets in the US.
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