RES America Developments Inc., a subsidiary of Renewable Energy Systems Americas Inc. (RES Americas), will be working with Xcel Energy to construct the 200 megawatt (MW) Pleasant Valley Wind Farm. The project is near Austin, Minnesota, adjacent to the Grand Meadow wind project owned by Xcel Energy.
“RES Americas is pleased to once again work with Xcel Energy to provide an additional 200 megawatts of affordable and clean energy to the region,” said Susan Reilly, president and CEO of RES Americas. “This is an excellent example of the realized benefits of the Production Tax Credit. This project will generate clean, renewable energy, and provide one of the lowest cost power resources currently available in the region.”
RES Americas will continue its role as developer and constructor of Pleasant Valley. Once the project is complete, RES Americas will transfer ownership of Pleasant Valley to Xcel Energy, who will own and operate the project. The development and construction schedules remain on track to be completed by the end of 2015, with development activities into 2014 and plans to break ground in mid-2014.
“The Pleasant Valley Wind Project along with the other wind purchases we are making will lower our customers’ bills, offer protection from rising fuel costs, and provide significant environmental benefits,” said Dave Sparby, president and CEO of Northern States Power Co.-Minnesota, an Xcel Energy company.
Pleasant Valley Wind Farm is part of 600 megawatts of wind power recently announced by Xcel Energy in its Upper Midwest service territory. According to RES, when combined, the projects will produce enough energy to serve 180,000 homes and over the lives of the projects, lower customer costs an estimated $180 million. At the same time, the projects will reduce carbon emissions by 1.2 million tons each year in Xcel Energy’s Upper Midwest service territory, where the company already is on track to reduce carbon emissions 30 percent by 2020 from 2005 levels.