CPV Renewable Energy Company (CPV), an affiliate of Competitive Power Ventures, Inc., has executed a 20-year power-purchase agreement (PPA) with the Tennessee Valley Authority (TVA) for 200 MW from its Ashley wind energy project in McIntosh county, North Dakota. Permitting has already begun and CPV will construct and operate the wind farm. The project is expected to start producing power in 2012.
CPV Ashley was one of the first two renewable energy projects selected from more than 60 responses to a TVA request for proposals issued in December 2008.
“CPV is committed to continuing to grow our portfolio of renewable energy projects and help America build a bridge to a sustainable energy future,” said Sean Finnerty, CPV Sr. vice president. “We are delighted to be partnering with TVA – one of the leading energy companies in North America – to generate more wind powered electricity. TVA’s leadership in advancing the growth of clean, renewable energy resources through projects such as Ashley is exemplary.”