Nov 10 2014
Sempra U.S. Gas & Power and Consolidated Edison Development (ConEdison Development) today announced an agreement to partner on the 75-megawatt (MW) Broken Bow II wind project in Custer County, Neb.
Jointly owned by Sempra U.S. Gas & Power and Consolidated Edison Development, the 75-MW Broken Bow II wind farm generates enough renewable energy to power about 30,000 Nebraska homes.
Under the sales agreement, Sempra U.S. Gas & Power and Consolidated Edison Development holding companies will each own a 50-percent interest in the wind facility. Sempra U.S. Gas & Power will continue to provide operations and maintenance services for the plant, which generates enough renewable energy to power about 30,000 Nebraska homes.
"We are pleased to partner with Consolidated Edison Development on our newest wind farm as we continue to diversify our renewables portfolio and demonstrate our commitment to clean energy development," said Kevin C. Sagara, vice president of renewables for Sempra U.S. Gas & Power. "This strategy supports our ongoing plan to redeploy proceeds into new renewable projects."
"ConEdison Development has built a strong working relationship with Sempra U.S. Gas & Power, and we believe that this first joint wind project will be as successful and beneficial as our joint solar facilities," said Mark Noyes, senior vice president and chief operating officer of ConEdison Development. "Together with Sempra U.S. Gas & Power, we are committed to building a cleaner and more sustainable future."
Construction on the Broken Bow II wind farm began in January 2014. It provided a boost to the local economy by creating more than 300 jobs during peak construction. Broken Bow II was placed into commercial operation in October 2014.
Earlier this year, the companies announced an agreement to partner in five solar projects in Nevada and California. To date, Sempra U.S. Gas & Power and Consolidated Edison Development have partnered in six solar facilities and one wind facility. The terms of the agreement were not disclosed.
About Consolidated Edison Development
Con Edison Development ("CED") develops, owns and operates renewable and energy infrastructure projects. The company is one of the largest owners and operators of solar projects in North America. CED is an unregulated subsidiary of Consolidated Edison, Inc. [NYSE: ED], the nation's oldest and one of the largest investor-owned energy companies.
CED is focusing on renewable energy and gas assets as part of an overall corporate goal of responsible environmental stewardship. Through its deep resources and trusted relationships with a range of energy-related companies, CED has successfully developed, and owns and operates close to 400 MW of solar across California, Arizona, Nevada, New Jersey, Massachusetts, Pennsylvania and Rhode Island.
Con Edison Development is a subsidiary of Consolidated Edison, Inc. (NYSE: ED), one of the nation's largest investor-owned energy companies, with approximately $12 billion in annual revenues and $42 billion in assets. More information can be obtained by calling 914-993-2185. You can also visit the Consolidated Edison, Inc. website at www.conedison.com.
About Sempra U.S. Gas & Power
Sempra U.S. Gas & Power, LLC is a leading developer of renewable energy and natural gas solutions with power plants that generate enough electricity for more than 1 million homes. Sempra U.S. Gas & Power companies also operate natural gas storage facilities, pipelines and distribution utilities. The company is a subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 energy services holding company with 2013 revenues of more than $10.5 billion. The Sempra Energy companies' 17,000 employees serve more than 31 million consumers worldwide. For more information, visit www.SempraUSGP.com.