Group to invest in Oklahoma wind power project

JPMorgan Chase is leading a group of investors, including GE Capital, Enel Green Power SpA and Wells Fargo, in providing $220 million to the planned 235 MW Chisholm View wind power project in Oklahoma. As part of the deal, Enel Green Power will hold a 49 percent stake in the project, and GE Energy Financial Services purchased the remaining 51 percent in April.

The wind farm is expected to enter operations by the end of 2012. It will use 140 GE (NYSE: GE) wind turbines and sell the output to Alabama Power, a unit of Southern Co. (NYSE: SO) under a 20-year power purchase agreement.

Read more new renewable energy projects news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...