news 4 days ago

Leeward Renewable Energy Announces Partnership with Target Corporation for Development of Lone Tree Wind Farm

The Associated Press

DALLAS--(BUSINESS WIRE)--Jun 12, 2019--

Leeward Renewable Energy, LLC today announced the company has entered into a Virtual Power Purchase Agreement with Target Corporation that will enable the construction of its Lone Tree Wind Project, a greenfield wind development project located in Bureau County, Illinois. The Lone Tree facility will have a capacity of approximately 79.4 megawatts (MW) and provide economic, health and clean air benefits to Bureau County.

Lone Tree will be built adjacent to an existing Leeward-owned wind farm, Crescent Ridge, leveraging Leeward’s long-standing relationships with the community. The project is expected to generate approximately 125 full time construction jobs during construction and the opportunity for permanent local jobs. The project also will create tax revenue to the County and neighboring townships.

“We are pleased that Target has selected Leeward as a renewable energy partner,” said Greg Wolf, Leeward Renewable Energy CEO. “We welcome the opportunity to work with a forward-looking company that is committed to reducing its carbon footprint and creating sustainable operations.”

Leeward expects to commence construction of the project in fall 2019 and to complete construction in December 2020.

About Leeward Renewable Energy, LLC

Leeward Renewable Energy is a leading US-based independent renewable energy company with a current wind portfolio of approximately 1.7 gigawatts (GW) over 19 wind projects in nine states. With Lone Tree, Leeward will have approximately 250 MW under construction using proven, best-in-class technology, and a development pipeline of over 1 GW in wind, solar, and energy storage projects. For more information about Leeward, visit www.leewardenergy.com. Leeward is owned by OMERS Infrastructure, the infrastructure arm of one of Canada’s largest defined benefit pension plans.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190612005898/en/

CONTACT: Kelly Kimberly

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kkimberly@sardverb.com

KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS TEXAS

INDUSTRY KEYWORD: ENERGY ALTERNATIVE ENERGY ENVIRONMENT

SOURCE: Leeward Renewable Energy, LLC

Copyright Business Wire 2019.

PUB: 06/12/2019 04:19 PM/DISC: 06/12/2019 04:19 PM

http://www.businesswire.com/news/home/20190612005898/en