TAQA takes 50% stake in US wind power scheme
Energy giant set for half share in 205.5MW Lakefield wind project
Abu Dhabi National Energy Company (TAQA) has announced that it is set to take a 50% share in a 205.5 MW wind project in the Midwestern United States, from a subsidiary of France’s EDF. The Lakefield wind project, located in Minnesota, is fully operational and comprises 137 1.5MW GE wind turbines.
“The Lakefield acquisition is a first step in the evolution of TAQA’s global strategy for alternative energy sources. It complements our existing assets in North America and gives us a foothold in the fast-growing global wind market. The knowledge and international footprint established with this transaction will enable us to take a leading role in developing other international projects,” said Dr Saif Al Sayari, head of TAQA’s Energy Solutions division.
Electricity from the Lakefield site is sold to Indianapolis Power & Light Company under a 20 year power purchase agreement. EDF will continue to provide operation, maintenance and related services to the site.
TAQA launched its Energy Solutions division in January of last year as a means to invest in alternative energy projects around the world.