It’s the largest single order ever received by Vestas, which will deliver the first 50 wind turbines within this year and the remaining 140 by June 2011. Project construction will begin immediately and the produced energy is expected to be grid-connected by 2011.
The Alta Wind farm development initiative includes a number of adjacent projects for a total capacity of 3,000 MW and, when completed, this will be the largest wind energy farm in the whole of North America. The wind turbines that have been ordered from Vestas will be used for the first four projects, whose total capacity is 570 MW.
The funding for this first phase ($1.2 billion) was the highest leveraged lease – with the most complex transaction – ever realized in the wind power in North America and the only one that was included in the primary bond market.
Terra-Gen has already signed a power purchase agreement with Southern California Edison, under which it will provide 1,550 MW of renewable energy from the ’Alta Wind Energy Center.