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New Jersey Steps Forward to Add 1,100 MW of Offshore Wind

LCG, September 20, 2018--The New Jersey Board of Public Utilities (NJBPU) on Monday approved an order opening an application window for a record setting 1,100 MW of offshore wind capacity.

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Duke Energy Carolinas Files IRP

LCG, September 6, 2018--Duke Energy Carolinas excluded new nuclear construction in its recently filed Integrated Resource Plan (IRP), which includes its 15-year plan for new power generation.

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Industry News

Innergex and BlackRock Announce Commercial Operation of the 200 MW Flat Top Wind Farm in Texas

LCG, March 28, 2018--Innergex Renewable Energy Inc. and BlackRock Real Assets announced the commissioning on March 23, 2018, of the 200-MW, Flat Top wind farm located in central Texas.

The Flat Top wind farm includes 100 Vestas V110 wind turbines that each have a nameplate capacity of 2.0 MW. Vestas will operate the wind farm under a 10-year operation and maintenance contract.The wind farm is located in Comanche and Mills Counties.

Innergex holds a 51 percent interest in the wind farm, which was acquired on February 6, 2018, as part of the acquisition of Alterra Power Corp. A fund managed by BlackRock Real Assets holds the remaining 49 percent. Alterra Power Corp. acquired the project in June 2016.

The President and Chief Executive Officer of Innergex stated,
"Innergex is proud to continue its core mission with the commissioning of another reliable, affordable, clean and renewable energy facility that will play a part in addressing global climate change. The commissioning of our second wind farm in Texas is a significant milestone in our strategy as we aim to increase our presence in the United States where we intend to bring more high-quality projects online in a near future."

"We are very pleased to invest in the Flat Top wind farm on behalf of our clients. This transaction demonstrates BlackRock's continued focus on renewable power investments, which currently amount to US$5 billion of equity assets under management," said the head of BlackRock Renewable Power Americas and APAC. "We continue to see the U.S. an attractive market for wind assets where BlackRock have invested in more than 30 wind and solar projects."
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