Copenhagen Infrastructure Partners’ (CIP) planned Panther Grove wind farm in the state of Illinois has sealed an off-take agreement for its full 400MW capacity with AEP Energy, in the Danish fund manager’s latest move to expand its US onshore renewables ambitions.
Terms of the deal were not made public. Last December, a CIP fund acquired the project from Dallas-based developer Tri Global Energy. Plans are to start construction in early 2021, with commercial operation is targeted for late 2022.
AEP Energy, a subsidiary of large utility holding company American Electric Power, is among the fastest-growing US competitive retail electricity and natural gas suppliers with operations in six states and the District of Colombia.