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Distributed solar solution will service Pedernales Electric Cooperative members
Broomfield, CO. — RES Distributed, a wholly owned subsidiary of Renewable Energy Systems (RES), a leader in the development, engineering, construction, and operation of wind, solar, transmission, and energy storage projects across the globe, is pleased to announce an agreement with Pedernales Electric Cooperative (PEC) to develop, construct and manage a 15 MW distributed portfolio of solar photovoltaic (PV) projects in the Texas Hill Country. PEC, established in 1938, is one of the largest member-owned electric cooperatives in the United States and is headquartered in Johnson City, TX.
The Pedernales Electric Community Solar Project will consist of fifteen sites across PEC’s service territory with each site hosting up to 998 kW solar array. Construction of the facilities will begin later this year and is scheduled to be completed in 2017.
RES announced its entry into the distributed energy market in 2015 to offer customer-sited, community solutions for local utilities through the use of solar, energy storage, and demand side management technologies. The PEC agreement is a significant milestone for RES Distributed as the project will be one of its largest solar portfolios to date.
“RES Distributed is pleased to work alongside PEC to support member interest in distributed generation and embrace reliable and sustainable energy,” said Tom Duckett, President, RES Distributed. “This project demonstrates an innovative, customer-sited energy solution that RES Distributed will deliver using our 20 years of development, construction and energy management experience.”
“PEC is excited to partner with RES for its community solar program,” said Ingmar Sterzing, PEC’s vice president of Power Supply and Energy Services. “Once completed, these installations will allow all interested members to directly participate in a solar program that will provide the Cooperative with a cost-effective rate for all its member-owners,”
RES has constructed 300 MW of solar power in the Americas, 70 MW of which are in the Central Texas region. RES Distributed plans to utilize resources and services that are available locally, collaborating with PEC, local organizations, subcontractors, and vendors to assist in the execution of the project.
PEC will purchase output from the multi-site facility once it is brought online in 2017 under a long-term power purchase agreement signed with RES Distributed.
For more information, visit www.res-group.com.
Since 1997, RES has been providing development, engineering, construction, and operations services to the utility-scale wind, solar, transmission, and energy storage markets across the Americas. The company employs more than 500 full-time professionals and has over 8,000 MW of utility-scale renewable energy and energy storage projects and constructed more than 1,000 miles of transmission lines throughout the U.S., Canada, and Chile. RES’ corporate office in the U.S. is located in Broomfield, CO with regional offices located in Austin, TX, Minneapolis, MN, and San Francisco, CA.
KENNETT SQUARE, Pa. (April 19, 2016) -Exelon Generation and Renewable Energy Systems (RES) announced today the development of a 10 megawatt (MW) battery storage facility in Clinton County, Ohio. Exelon Generation is the storage facility owner and operator, and RES is the project developer and constructor.
RES, a leader in the energy storage industry, will begin construction during the second quarter of 2016, with the battery storage units expected to be fully operational by the end of the year.
Three semi-trailer sized units will be housed next to a substation to allow for easy interconnection to electrical lines within the PJM grid. The entire storage unit footprint is less than one-third of an acre. Construction is expected to be completed by the fall of 2016. The monitoring, dispatch and control of the system will be handled by the RESolve energy platform, a proprietary technology developed by RES. RESolve will manage the system to maximize revenue and minimize battery degradation.
“Having constructed over 70 MW of energy storage projects with 140 MW of operational range throughout North America, RES is excited to work with Exelon to provide frequency regulation service to PJM,” said Matthew Krivos, director, Energy Storage of RES. “We look forward to continuing to provide energy solutions to ensure longstanding benefits to the ever changing grid.”
Battery storage facilities are an innovative, emerging technology that provide fast-response frequency regulation service to help electric grid operators manage the momentary mismatch between load and generation across the grid. The units take and return small amounts of electricity from the grid throughout the day and have the flexibility to discharge it within seconds, when needed.
“Exelon continues to invest in new technologies, such as battery storage, to further diversify our generation portfolio,” said Corey Hessen, vice president, Exelon Generation Development. “Exelon’s deployment of battery storage technology provides customers and grid operators with innovative solutions to meet their technical requirements and enhance system reliability.”
The Clinton battery storage project will be powered by Samsung SDI's battery energy storage system, which uses lithium-ion batteries. Samsung SDI will provide more than 16,000 high-power batteries that are produced with top-quality and safety standards. The facility will also utilize five Parker Hannifin 2 MW power conversion systems, which use Parker's two-phase refrigerant cooling solution. The conversion systems are self-contained and require no chilled water or external condenser, allowing for more efficient operation and longer life.
“We are proud to have our advanced battery technology selected to be part of this Exelon project,” remarked Sewoong Park, head of ESS Business at Samsung SDI. “We look forward to further collaborating with RES and Exelon as they continue to expand in the energy storage market.”
Exelon Generation and RES closed the transaction on Feb. 1. This is the second joint project between the companies. In January, Exelon Generation and RES announced the 198 MW Bluestem Wind Project in Beaver County, Oklahoma, with a power purchase agreement executed with Google. RES will construct the Bluestem project for Exelon Generation this year. This is RES’ 10th energy storage project in North America and first utilizing Samsung SDI batteries.
Exelon will have a total of approximately 20 MW of battery storage capacity in its portfolio upon project completion: 10 MW through the Clinton battery storage project and nearly 10 MW through Exelon’s competitive energy company, Constellation.
About Exelon Corporation
Exelon Corporation (NYSE: EXC), now including the Pepco Holdings utilities, is the nation’s leading competitive energy provider, with 2015 revenues of approximately $34.5 billion. Headquartered in Chicago, Exelon does business in 48 states, the District of Columbia and Canada. Exelon is one of the largest competitive U.S. power generators, with more than 32,700 megawatts of owned capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. The company’s Constellation business unit provides energy products and services to approximately 2 million residential, public sector and business customers, including more than two-thirds of the Fortune 100. Exelon’s six utilities deliver electricity and natural gas to approximately 10 million customers in Delaware, the District of Columbia, Illinois, Maryland, New Jersey and Pennsylvania through its Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco subsidiaries. Follow Exelon on Twitter @Exelon.
Since 1997, RES has been providing development, engineering, construction, and operations services to the energy storage, solar, wind, transmission, and demand side management markets across the Americas. RES has a construction portfolio over 87MW and over 200 MW in development. RES currently operates 47.6 MW of energy storage projects using RESolve. The company employs more than 500 full-time professionals and has over 8,000 MW of utility-scale renewable energy and energy storage projects and has constructed more than 1,000 miles of transmission lines throughout the U.S., Canada, and Chile. RES’ U.S. corporate office is located in Broomfield, CO with regional offices located in Austin, TX, Minneapolis, MN, Old Saybrook, CT, and San Francisco, CA. RES has developed and/or built over 10 GW of renewable energy capacity worldwide, has an asset management portfolio exceeding 1 GW, and is active in a range of renewable technologies including onshore wind, solar, energy storage, transmission, and demand side management. For more information, visit www.res-group.com.
About Samsung SDI
Samsung SDI Co., Ltd., established in 1970, is an affiliate of the Samsung Group and has been the global leading manufacturer of lithium-ion batteries for Mobile Applications. Leveraging this position, Samsung SDI is focused on the technology leadership for electric vehicles and energy storage systems (ESS) and is recognized as a leader in supplying lithium-ion ESS batteries.
RES has announced today that Dr Ian Mays, CEO of RES since its beginnings in 1981, will retire at the end of the current financial year, October 31st 2016. Ian will remain involved with the business as a Non-Executive Director of the Supervisory Boar…Read More
RES has announced today that Dr Ian Mays, CEO of RES since its beginnings in 1981, will retire at the end of the current financial year, October 31st 2016. Ian will remain involved with the business as a Non-Executive Director of the Supervisory Board which oversees the activities of all the McAlpine Family businesses of which RES forms a part. Ian’s successor will be Ivor Catto who joins RES from Hyder Consulting plc where he was CEO for seven years.
Dr Mays commented: "It has always been my intention to retire in 2016 and I have been planning for this moment with our Chairman Gavin McAlpine for some considerable time. In Ivor, we have found a seasoned international CEO with an impressive track record, who will fit in well with the business and will continue RES’ growth and the journey towards its strategic goals. I feel truly privileged to have led the amazing and dedicated team at RES to create the highly respected international business we have today. Who would have thought, when we founded the company all those years ago, that we would build a business employing over 1500 people across 13 countries with a revenue topping one billion pounds? Ivor has an excellent platform to build from and I wish him and the business every success for the future."
An engineer by profession, Ivor led Hyder in successful international growth including the engineering design and construction supervision of iconic buildings, such as the world’s tallest building – the Burj Khalifa in Dubai. He was also previously an executive board director of WS Atkins plc.
Ivor will join RES on May 3rd as Deputy CEO and will be based at RES’ headquarters in Kings Langley. He will spend his first three months travelling around the company’s offices to get to know its people and its culture, and then after a structured handover in September and October, will assume the role of CEO on 1 November 2016.
Ivor Catto commented on his new role: "Both technically and commercially, RES is one of the world’s most significant renewable energy businesses and I am excited about the opportunity to be passed the baton from Ian to lead its continuing growth and development. I would like to thank Ian for his support and I look forward to learning more from him over the next few months."
Gavin McAlpine, RES Executive Chairman concluded: “I am immensely grateful for the commitment, time and drive that Ian has dedicated to the creation and development of RES to the enviable global position which it occupies today. RES’ success would not have been possible without his leadership and relentless passion for renewable energy and technologies. I am delighted that Ian has accepted the position on the Supervisory Board - his experience and contribution will be invaluable. I am confident that with Ivor’s appointment as CEO, RES will continue to successfully pursue its growth plans and reputation as a market leader in renewable energy.”
For more information, visit www.res-group.com.
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Broomfield, CO —Renewable Energy Systems (RES), a global leader in the development, engineering, and construction of wind, solar, transmission, and energy storage projects has completed construction on the McHenry Storage Project, in McHenry, Illinois. The project, owned by EDF Renewable Energy, reached commercial operation on December 20, 2015. McHenry is the sixth energy storage project completed by RES. The company has now constructed more than 85MW of flexible resources with a total +/- range of more than 170MW, and 33MWh of energy storage either in operation or under construction across North America, ranking near the top of the industry.
RES served as the engineering, procurement and construction (EPC) contractor for McHenry, a project that includes eleven containers of lithium ion batteries manufactured by BYD. Together the containers form a system of 20 MW nameplate and 40 MW of flexible capacity. Construction of the system began in June 2015.
“RES is a proven market leader in delivering energy storage projects and solutions to economically solve grid reliability challenges for our customers,” said Matthew Krivos, Director, Energy Storage for RES. “We are pleased to once again work with EDF and the Illinois community to successfully construct an energy storage project.”
RES has now constructed battery storage systems in three grid operator jurisdictions and has contracted with utilities, independent power producers and financial investors. The company’s skills and experience as a developer, constructor, owner and operator of battery storage projects, coupled with substantial commercial innovation and flexibility, have enabled RES to deliver value to its energy storage customers in a wide variety of ways.
Since 1997, RES has been providing development, engineering, construction, and operations services to the energy storage, solar, wind, transmission, and demand side management markets across the Americas. RES has a construction portfolio over 87MW and over 200 MW in development. RES currently operates 47.6 MW of energy storage projects using RESolve. The company has over 8,000 MW of utility-scale renewable energy and energy storage projects and has constructed more than 1,000 miles of transmission lines throughout the U.S., Canada, and Chile. RES’ U.S. corporate office is located in Broomfield, CO with regional offices located in Austin, TX, Minneapolis, MN, Old Saybrook, CT, and San Francisco, CA. RES has developed and/or built over 10 GW of renewable energy capacity worldwide, has an asset management portfolio exceeding 1 GW. For more information, visit www.res-americas.com.
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Montréal, Québec, March 10, 2016 – Renewable Energy Systems Canada Inc. (“RES”), as Qualified Applicant, and its partner, Boralex Inc. (“Boralex” or the “Corporation”) (TSX: BLX), are pleased to announce being selected by the Independent Electricity …Read More
Montréal, Québec, March 10, 2016 – Renewable Energy Systems Canada Inc. (“RES”), as Qualified Applicant, and its partner, Boralex Inc. (“Boralex” or the “Corporation”) (TSX: BLX), are pleased to announce being selected by the Independent Electricity System Operator (IESO) and awarded an LRP I Contract for a wind power project of installed capacity of 50MW in the highly competitive LRP I RFP process.
The project named “Otter Creek Wind Farm Project”, which is situated on private lands in the Municipality of Chatham-Kent, is targeted to reach commercial operation by the end of 2019.
RES and Boralex have also been able to obtain the support of the Walpole Island First Nation for this project and the ownership currently stands as follows in the limited partnership interests: RES – 51%, Boralex – 38.5% and the Walpole Island First Nation – 10.5%.
The partnership is also grateful to have received support from the Municipality of Chatham-Kent which has been granted an option to participate in the project up to 15% of the limited partnership interests following commercial operation.
“We look forward to working together with the Municipality of Chatham-Kent and the Walpole Island First Nation to bring the next generation of renewable energy to the area,” said in a common statement by Peter Clibbon, Senior Vice President, Development of RES in Canada and Patrick Lemaire, President and CEO of Boralex. “We are committed to helping Ontario meet its clean energy goals”, they added.
The partnership will organize public meetings shortly in the area of the project to further engage with the communities, describe the community benefits and present the latest evolutions of the project.
Since 1997, RES has been providing development, engineering, construction, and operations services to the wind, solar, transmission, and energy storage markets across North America. The company has constructed more than 8,000 MW of utility-scale renewable energy and energy storage projects and over 1,600 kilometers (km) of transmission lines, including 780MW of projects, across Canada. RES’ Canadian corporate office in Canada is located in Montreal with regional offices in Oakville, Ontario. Globally, RES has developed and/or built over 10 GW of renewable energy capacity, has an asset management portfolio exceeding 1 GW, and is active in a range of renewable technologies including wind, solar, energy storage, transmission, and demand side management.
Boralex develops, builds and operates renewable energy power facilities in Canada, France and the United States. A leader in the Canadian market and France’s largest independent producer of onshore wind power, the Corporation is recognized for its solid experience in optimizing its asset base in four power generation types — wind, hydroelectric, thermal and solar. Boralex ensures sustained growth by leveraging the expertise and diversification developed over the past 25 years. Boralex’s shares and convertible debentures are listed on the Toronto Stock Exchange under the ticker symbols BLX and BLX.DB.A, respectively. More information is available at www.boralex.com or www.sedar.com.
Caution regarding forward-looking statements
Some of the statements contained in this press release, including those regarding future results and performance, are forward-looking statements based on current expectations, within the meaning of securities legislation. Boralex would like to point out that, by their very nature, forward-looking statements involve risks and uncertainties such that its results or the measures it adopts could differ materially from those indicated by or underlying these statements, or could have an impact on the degree of realization of a particular projection. The main factors that could lead to a material difference between the Corporation’s actual results and the projections or expectations set forth in the forward-looking statements include, but are not limited to, the general impact of economic conditions, raw material price increases and availability, currency fluctuations, volatility in the selling price of energy, the Corporation’s financing capacity, negative changes in general market conditions and regulations affecting the industry, as well as other factors discussed in the Corporation’s filings with the various securities commissions.
Unless otherwise specified by the Corporation, the forward-looking statements do not take into account the possible impact on its activities, transactions, non-recurring items or other exceptional items announced or occurring after the statements are made.
There can be no assurance as to the materialization of the results, performance or achievements as expressed or implied by forward-looking statements. The reader is cautioned not to place undue reliance on such forward-looking statements. Unless required to do so under applicable securities legislation, Boralex management does not assume any obligation to update or revise forward-looking statements to reflect new information, future events or other changes.
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|Boralex Media||Boralex Investors|
Montréal, Québec, le 10 mars 2016 – Systèmes d’énergie renouvelable Canada inc. (« RES »), à titre de Qualified Applicant, et son partenaire, Boralex inc. (« Boralex » ou la « Société ») (TSX : BLX), sont heureux d’annoncer leur sélection par le Inde…Read More
Montréal, Québec, le 10 mars 2016 – Systèmes d’énergie renouvelable Canada inc. (« RES »), à titre de Qualified Applicant, et son partenaire, Boralex inc. (« Boralex » ou la « Société ») (TSX : BLX), sont heureux d’annoncer leur sélection par le Independent Electricity System Operator (IESO) et l’obtention d’un LRP I Contract au titre d’un projet éolien d’une puissance installée de 50MW dans le processus très concurrentiel d’appel d’offres LRP I RFP.
Le projet nommé « Otter Creek Wind Farm Project » est situé sur des terres privées de la Municipalité de Chatham-Kent et sa mise en service est prévue d’ici la fin de 2019.
RES et Boralex ont également été en mesure d’obtenir l’appui de la Première Nation de Walpole Island pour ce projet pour lequel la participation dans la société en commandite se répartit actuellement ainsi : RES – 51 %, Boralex – 38,5 % et la Première Nation de Walpole Island – 10,5 %.
La société en commandite est également reconnaissante de l’appui reçu par la Municipalité de Chatham-Kent, qui s’est vu accorder l’option d’une participation pouvant atteindre 15 % dans la société en commandite suite à la mise en service du projet.
« Nous avons hâte de travailler de concert ensemble, avec la Municipalité de Chatham-Kent et la Première Nation de Walpole Island afin de réaliser la prochaine génération de production d’énergie renouvelable dans la région », ont affirmé d’un commun accord Peter Clibbon, vice-président principal, développement de RES au Canada, et Patrick Lemaire, président et chef de la direction de Boralex. « Nous nous sommes engagés à aider l’Ontario à atteindre ses cibles d’énergie propre », ont-ils ajouté.
La société en commandite organisera sous peu des rencontres publiques dans la région où le projet est situé afin de poursuivre les discussions avec les communautés, de décrire les avantages pour les communautés et de présenter les derniers avancements du projet.
À propos de RES
Depuis 1997, RES offre des services de développement, d’ingénierie, de construction et d’exploitation aux marchés de l’énergie éolienne, de l’énergie solaire, du transport et du stockage d’énergie en Amérique du Nord. La société a construit des projets de stockage d’énergie et des projets d’énergie renouvelable d’envergure totalisant plus de 8 000MW et des lignes de transport d’électricité de plus de 1 600 km, dont des projets totalisant 780 MW partout au Canada. Le siège social canadien de RES est situé à Montréal (Québec). RES a également un bureau régional situé à Oakville (Ontario). À l’échelle mondiale, RES a développé ou construit une capacité d’énergie renouvelable de plus de 10 GW, a un portefeuille de gestion d’actifs dépassant 1 GW et est active dans une gamme de technologies renouvelables, dont l’éolien, l’énergie solaire, le stockage d’énergie et le transport, ainsi que dans la gestion de la demande.
À propos de Boralex
Boralex développe, construit et exploite des sites de production d’énergie renouvelable au Canada, en France et aux États-Unis. Un des leaders du marché canadien et premier acteur indépendant de l’éolien terrestre en France, la Société se distingue par sa solide expérience d’optimisation de sa base d’actifs dans quatre types de production d’énergie – éolienne, hydroélectrique, thermique et solaire. Boralex s’assure d’une croissance soutenue grâce à son expertise et sa diversification acquises depuis vingt-cinq ans. Les actions et les débentures convertibles de Boralex se négocient à la Bourse de Toronto sous les symboles BLX et BLX.DB.A respectivement. Pour de plus amples renseignements, visitez www.boralex.com ou www.sedar.com.
Mise en garde à l’égard d’énoncés prospectifs
Certaines déclarations contenues dans ce communiqué, incluant celles ayant trait aux résultats et au rendement pour des périodes futures, constituent des déclarations prospectives fondées sur des prévisions actuelles, au sens des lois sur les valeurs mobilières. Boralex tient à préciser que, par leur nature même, les déclarations prospectives comportent des risques et des incertitudes et que ses résultats, ou les mesures qu’elle adopte, pourraient différer significativement de ceux qui sont indiqués ou sous-entendus dans ces déclarations, ou pourraient avoir une incidence sur le degré de réalisation d’une projection particulière. Les principaux facteurs pouvant entraîner une différence significative entre les résultats réels de la Société et les projections ou attentes formulées dans les déclarations prospectives incluent, mais non de façon limitative, l’effet général des conditions économiques, la disponibilité et l’augmentation des prix des matières premières, les fluctuations de diverses devises, les fluctuations des prix de vente d’énergie, la capacité de financement de la Société, les changements négatifs dans les conditions générales du marché et des règlementations affectant son industrie, ainsi que certains autres facteurs énumérés dans les documents déposés par la Société auprès des différentes commissions des valeurs mobilières.
À moins d’indication contraire de la Société, les déclarations prospectives ne tiennent pas compte de l’effet que pourraient avoir, sur ses activités, des transactions, des éléments non récurrents ou d’autres éléments exceptionnels annoncés ou survenant après que ces déclarations soient faites.
Aucune assurance ne peut être donnée quant à la concrétisation des résultats, du rendement ou des réalisations, tels qu’ils sont formulés ou sous-entendus dans les déclarations prospectives. Le lecteur est donc prié de ne pas accorder une confiance exagérée à ces déclarations prospectives. À moins de n’y être tenue en vertu des lois sur les valeurs mobilières applicables, la direction de Boralex n’assume aucune obligation quant à la mise à jour ou à la révision des déclarations prospectives en raison de nouvelles informations, d’événements futurs ou d’autres changements.
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Broomfield, CO —RES America Developments Inc. (RES), a subsidiary of Renewable Energy Systems Americas Inc., has reached an agreement to transfer a U.S. offshore wind development lease off the coast of New Jersey to DONG Energy.
On November 9, 2015, the Bureau of Ocean Energy Management (BOEM) held a commercial auction for two offshore wind leases on the Outer Continental Shelf (OCS) off the coast of New Jersey with a capacity of approximately 2,000 MW. RES, one of the leading U.S. renewable energy developers with over 16 years of European offshore wind experience through its parent company, participated in the auction and secured the lease for Area OCS-A 0498 (South Area) , an area which could accommodate more than 1,000 MW to be built after 2020. RES has applied to the BOEM to transfer its rights to this area to DONG Energy.
In 2014, RES and DONG Energy agreed to cooperate on offshore wind projects in New Jersey (and Massachusetts). Under that agreement, and subject to the approval of the BOEM, DONG Energy will take over the lease and RES will provide support through project development services. In 2015 RES struck a similar agreement transferring to DONG Energy its Massachusetts OCS Lease.
Glen Davis, CEO of RES, Americas, stated “We are excited to be continuing our close relationship with DONG Energy through this major project as they increase their participation in the U.S. market. Leveraging our development expertise, along with DONG Energy’s experience in offshore wind, we look forward to helping the BOEM with their goal to create jobs, develop clean energy resources, and reduce carbon emissions.”
Samuel Leupold, Executive Vice President of Wind Power, said “The U.S. is an interesting market for offshore wind with the potential to become a significant area for future development. With the transfer of the offshore wind development projects in the U.S., we are broadening our international scope. The site conditions are quite similar to those we currently work with in North-Western Europe which means that the project could be developed using well-known technology."
The Lease Area to be transferred is 160,480 acres, and is located between 7-21 nautical miles from shore with water depths around 24 meters.
Since 1997, RES has been providing development, engineering, construction, and operations services to the utility-scale wind, solar, transmission, and energy storage markets across the Americas. The company employs more than 300 full-time professionals and has over 8,000 MW of utility-scale renewable energy and energy storage projects and constructed more than 800 miles of transmissions lines throughout the U.S., Canada, and Chile. RES’ corporate office in the U.S. is located in Broomfield, CO with regional offices located in Austin, TX, Minneapolis, MN, Old Saybrook, CT, and San Francisco, CA.
RES Offshore offers integrated development, engineering, construction and AO&M services for utility-scale offshore wind, wave and tidal energy projects internationally. RES Offshore has more than 15 years’ experience in offshore wind development having worked on the development of over 5,000 MW of which more than 350MW has been successfully consented and is now in operation. RES Offshore is also part of the RES Group, one of the world's leading independent renewable energy companies.
The RES Group has developed and/or built over 10 GW of renewable energy capacity worldwide, has an asset management portfolio exceeding 1 GW, and is active in a range of renewable technologies including onshore wind, solar, energy storage, transmission, and demand side management.
Power purchase agreement has been finalized with Google.
Broomfield, CO —Renewable Energy Systems (RES), a leader in the development, engineering, construction, and operation of wind, solar, transmission, and energy storage projects across the globe, is pleased to announce the sale of the Bluestem Wind Project to Exelon Generation, one of the nation’s leading power producers. Exelon Generation is the nation’s 12th largest wind producer with a combined 1,500 megawatts of wind generation and more under construction.
RES developed the project and is the engineering, procurement and construction contractor. The transaction closed on December 24, 2015 with a notice to proceed for construction being issued at that time. RES simultaneously executed the turbine supply agreement with Vestas. Construction of the project will begin immediately, providing up to 300 jobs during the peak of construction.
The 198 MW project will consist of 60 Vestas 3.3MW V117 wind turbine generators (WTGs) and will be located in Beaver County, Oklahoma. Construction is scheduled to be completed at the end of 2016, bringing an approximately 845,000 MWh per year to the Southern Power Pool electrical system – enough to power over 77,000 U.S. homes. RES has been committed to bringing renewable energy to Oklahoma, having constructed over 850 MW of the wind in the state. Bluestem is RES’ seventh and will be Exelon Generation’s first wind project in Oklahoma. Wind and other clean energy sources are important elements of Exelon’s strategy to offer more low-carbon electricity in the marketplace.
“RES is pleased to work with Exelon and Google in the pursuit of making data centers greener for the economy of tomorrow,” stated Glen Davis, CEO, RES, Americas. “Renewable energy generation will play a critical role for leading companies across the country as they strive to reduce their environmental footprint and secure long term economic renewable resources to power their industries.”
“We are excited about closing the Bluestem transaction and working with RES to add additional renewable and carbon-free generation to Exelon’s operating fleet,” said Corey Hessen, Vice President Generation Development, Exelon Generation. “We look forward to providing clean, cost effective energy to Google under this long-term agreement.”
“I am pleased to see the 3MW platform continuing to work as a solution for our customers in what traditionally has been a 2MW market. This speaks to the strength of the Vestas product portfolio, and our ability to find the right fit in all situations,” said Chris Brown, President, Vestas Americas
Since 1997, RES has been providing development, engineering, construction, and operations services to the utility-scale wind, solar, transmission, and energy storage markets across the Americas. The company employs more than 500 full-time professionals and has over 8,000 MW of utility-scale renewable energy and energy storage projects and has constructed more than 700 miles of transmission lines throughout the U.S., Canada, and Chile. RES’ U.S. corporate office is located in Broomfield, CO with regional offices located in Austin, TX, Minneapolis, MN, Old Saybrook, CT, and San Francisco, CA.
About Exelon Corporation
Exelon Corporation (NYSE: EXC) is the nation’s leading competitive energy provider, with 2014 revenues of approximately $27.4 billion. Headquartered in Chicago, Exelon does business in 48 states, the District of Columbia and Canada. Exelon is one of the largest competitive U.S. power generators, with more than 32,000 megawatts of owned capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. The company’s Constellation business unit provides energy products and services to more than 2.5 million residential, public sector and business customers, including more than two-thirds of the Fortune 100. Exelon’s utilities deliver electricity and natural gas to more than 7.8 million customers in central Maryland (BGE), northern Illinois (ComEd) and southeastern Pennsylvania (PECO). Follow Exelon on Twitter @Exelon.
Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 55,000 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 74 countries, providing jobs for around 18,800 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and more than 70 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.
We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels:
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