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Wind turbines line a ridge in the U.S. in this file photo. (Robert F. Bukaty/AP)
Wind turbines line a ridge in the U.S. in this file photo. (Robert F. Bukaty/AP)

Algonquin buys U.S. wind-powered generating plant for $148.9-million Add to ...

Algonquin Power & Utilities Corp. has acquired a 109.5-megawatt, wind-powered generating station in northern Illinois for $148.9 million.

The Shady Oaks generating plant, purchased from Goldwind International SO Ltd., has a 20-year, inflation-indexed power purchase agreement with Commonwealth Edison, the largest electric utility in the state, Algonquin said Wednesday.

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The facility, about 80 kilometres west of Chicago, is comprised of 68 Goldwind GW82 1.5MW and 3 Goldwind GW100 2.5MW permanent magnet direct-drive wind turbines.

Through its affiliate, Goldwind has assumed all operations, maintenance and capital repair responsibilities for the Shady Oaks wind facility related to the fixed-price agreement.

“The acquisition of the Shady Oaks wind farm provides additional geographic diversification to our renewable power portfolio and the 20-year power sales contract further strengthens the stable, long-term profile of our non-regulated power business,” said APUC chief executive Ian Robertson.

Oakville, Ont.-based Algonquin owns and operates a diversified, $2.8-billion portfolio of regulated and non-regulated water, electricity and natural gas utilities in North America.

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