AltaGas Ltd. commissions its first wind farm in the U.S.

Wednesday, October 17, 2012
  • The project was completed ahead of schedule with a cost to AltaGas of US$25 million.

AltaGas Ltd. (TSX:ALA) (TSX:ALA.PR.A) (TSX:ALA.PR.U) announced the successful commissioning of the Busch Ranch Wind Project ("Busch Ranch") in southern Colorado. AltaGas owns a 50 percent interest in the 29 MW wind project with the local utility Black Hills/Colorado Electric Utility Company LP ("Black Hills Energy"). The power generated from AltaGas' 50 percent interest is sold pursuant to a 25-year renewable energy purchase agreement with Black Hills Energy. The project was completed ahead of schedule with a cost to AltaGas of US$25 million.

"Busch Ranch is a strong addition to our renewable portfolio in the U.S.," said David Cornhill, Chairman and CEO of AltaGas. "We continue to execute our growth strategy with long-term contracted assets that provide stable earnings and strong growth for our shareholders."

Busch Ranch, alongside the biomass generation assets acquired earlier in 2012, increases AltaGas' current renewable power generation in the U.S. to approximately 50 MW. All of these U.S. renewable power assets are fully contracted with long-term power purchase agreements.

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More

Related News

Join 70,000 other oil and gas professionals

Network with others, build your profile, and receive the latest oil and gas news in your inbox. It's free!

Your details are never shared or sold. We hate spam too.

» More Jobs       » Upload a free Job       » Upload your CV

More Europe Jobs

More Global Jobs

Opinion & Commentary

  • Eight pieces of our oil price predicament
    A person might think that oil prices would be fairly stable. Prices would set themselves at a level that would be high enough for the majority of producers, so ...
  • Give us a break...
    I see that Oil & gas UK has been talking again about the need for George Osborne to ‘put his money where his mouth is’ (I paraphrase!) and change the fiscal terms operati ...
  • Why it's different this time
    Is this downturn in oil prices going to be different for investors? I think it might. In fact, I think North American energy companies have a good chance of withstanding th ...

» More Opinion & Commentary         » Write for us             RSS RSS

Oil & Gas Training

Mastering 4D Seismic
Ian Jack, London, 06 Nov 2014

Petroleum Geology of West Africa
Duncan Macgregor, London, 12 Nov 2014

Introduction to Contingency Planning: The value to oil and gas companies in high-risk areas
Mark Theobald, London, 18 Nov 2014

All Upcoming Training


Opinions & Commentary

Oil price, Tullow, Chariot, FOGL, Sundry-Weatherford-Core Labs-BP-Total-Range-Northern Pet-Jupiter-Tangiers, and finally...

by Malcolm Graham-Wood

Read More »