CHICAGO, IL – (January 4, 2011) – Invenergy Wind North America (“Invenergy”) announced today it has entered into an agreement with an affiliate of NextEra Energy Resources to transfer ownership of its White Oak Wind Energy Center, currently under construction in McLean County, Illinois. The transfer is subject to certain conditions, including the completion of construction of the project by Invenergy.
Located near the town of Carlock in the Bloomington-Normal area, White Oak is a 150 MW project with a 20-year power purchase agreement with the Tennessee Valley Authority. Construction of White Oak began in the third quarter of 2010, and is expected to be completed in the second quarter of 2011.
About Invenergy
Invenergy and its affiliated companies develop, own and operate large-scale renewable and other clean energy generation facilities in North America and Europe. Invenergy is committed to clean power alternatives and continued innovation in electricity generation. Invenergy's home office is located in Chicago and it has regional development offices throughout the United Statesand in Canada and Europe.
Invenergy and its affiliated companies have developed and placed in service twenty wind farms and five natural gas-fueled generating facilities. The aggregate capacity of these facilities is approximately five thousand megawatts, which can provide enough power for approximately two million homes. Invenergy is one of the top six largest owners of wind generating facilities in theUnited States, according to the American Wind Energy Association. For more information, please visit www.invenergyllc.com. About NextEra Energy Resources
NextEra Energy Resources, LLC is a clean energy leader and one of the largest competitive energy suppliers in North America. A subsidiary of Juno Beach, Fla.-based NextEra Energy, Inc.(NYSE: NEE), NextEra Energy Resources is the largest generator in North America of renewable energy from the wind and sun. It operates clean, emissions-free nuclear power generation facilities in New Hampshire, Iowa and Wisconsin as part of the NextEra Energy nuclear fleet, which is the third largest in the United States. NextEra Energy had 2009 revenues of more than $15 billion, nearly 43,000 megawatts of generating capacity, and more than 15,000 employees in 28 states and Canada. For more information, visit www.NextEraEnergyResources.com. ###
Contact
Alissa Krinsky for Invenergy
312-582-1554
ak@mediasuccessinc.com
SOURCE: Invenergy