BP, Sempra to Invest $1 Billion in Wind Farms
BP PLC and Sempra Energy said Tuesday that together they will invest more than $1 billion in two wind farms under development in Pennsylvania and Kansas.
BP's wind-development unit initially developed the projects, and Sempra bought a 50% equity stake in both facilities, Sempra said.
The Pennsylvania facility is a 141-megawatt wind farm being built by Renewable Energy Systems Ltd.'s U.S. unit that will use 88, 1.6-megawatt wind turbines made by General Electric Co., BP and Sempra said. The facility has long-term contracts to sell the electricity to two electric cooperatives.
The 419-megawatt Kansas wind farm will use 262 GE wind turbines and will be built by Blattner Energy, BP and Sempra said. The electricity generated will be sold to Associated Electric Cooperative Inc. and American Electric Power Co. Inc. unit Southwestern Electric Power Co. under long-term contracts.
full: Google the title for the full article from wall street journal
