China`s Goldwind sells 109MW Illinois wind farm to Algonquin

Resource from: CBCC Likes:228

Jan 05,2013

China’s Goldwind has confirmed the sale to Algonquin Power & Utilities of the 109.5MW Shady Oaks wind farm in the US state of Illinois. 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. Tim Rosenzweig, Goldwind’s CEO for the Americas, says: “The sale of Shady Oaks marks a significant milestone for our growth in the Americas and demonstrates our ability to compete in a ferociously competitive wind market. “This deal affirms that Goldwind will continue to make significant strides in the Americas in 2013 and beyond,” Rosenzweig adds.

(CBCC)

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