PPM to build New York wind farm
Mark Milner
Wednesday April 6, 2005
The Guardian
Scottish Power's US arm, PPM Energy, is to invest $160m to build a windfarm in upstate New York.
The announcement follows a ruling by the state of New York to require 25% of energy consumption to come from renewable resources by 2013.
PPM Energy will be working on the Maple Ridge development with Zilkha Renewable Energy - a Houston-based firm that is being acquired by the investment bank Goldman Sachs.
The 120 turbine facility, which should be completed by the end of the year, will quadruple the installed windfarm capacity in the state.
Scottish Power said the development would be immediately earnings enhancing. "The Maple Ridge wind farm begins the promised expansion of US wind business in the eastern United States and will help us continue [towards] our goal of becoming the leading US renewable energy company," chief executive Terry Hudgens said.
