EDP Renováveis has inked a 20-year power purchase agreement with Indiana Michigan Power for the sale of renewable energy produced from its 200MW Headwaters wind farm project located in the Indiana.
The proposed Headwaters wind farm will be built in Randolph County, about 85 miles south of Fort Wayne and 85 miles east of Indianapolis.
Commenting on the deal, Indiana Michigan Power president and COO Paul Chodak III said the agreement inked is a major milestone for the company to diversify its generation portfolio, including wind, hydro, nuclear and coal.
"We are excited to partner with Indiana Michigan Power to deliver clean and cost-effective homegrown Indiana electricity to power more than 55,000 homes annually," said Gabriel Alonso, the CEO of EDPR.
EDP Renováveis CEO Gabriel Alonso said, "We are excited to partner with Indiana Michigan Power to deliver clean and cost-effective homegrown Indiana electricity to power more than 55,000 homes annually."
Construction of the wind power facility will commence by the end of 2013, and it will be completely operational by the end of 2014.
Approximately 150 full-time jobs will be created during the construction phase and 20 permanent jobs once the project is completed.
Meanwhile, the addition of Headwaters Wind Farm will bring Indiana Michigan Power’s total wind power portfolio to 450MW.