Con Edison Development, one of America’s largest owners and operators of renewable energy infrastructure projects, announced the acquisition of Big Timber Wind, a 25 MW wind power project that will provide Montana residents with low-cost electricity.
CED purchased the company from BayWa r.e. Wind, LLC, a renewable energy developer, wholesaler and energy solutions provider. Big Timber Wind has substantially been completed and is expected to come online in the upcoming weeks.
“This is an attractive asset with a long term 25-year utility offtake contract, which is rare in the current market. Con Edison Development has been great to work with and we would like to thank them for transacting in relatively short order,” said Florian Zerhusen, CEO of BayWa r.e. Wind.
“It was a pleasure to work with BayWa r.e. Wind. We are always looking for ways to expand our clean and renewable energy services nationwide. This acquisition plants a Con Edison Development flag in the state of Montana, supporting our continued growth across the region,” said Mark Noyes, President and CEO of Con Edison Development.