2024-11-21
http://w3.windfair.net/wind-energy/news/10649-usa-atlantic-power-to-use-repower-mm92-and-mitsubishi-mwt102-wind-turbines-for-300-mw-wind-farm-in-oklahoma

News Release from Senvion GmbH

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USA - Atlantic Power to use REpower MM92 and Mitsubishi MWT102 wind turbines for 300 MW Wind Farm in Oklahoma

Canadian Hills Wind Power Project is a 298.45 MW wind energy project in Oklahoma with REpower 2.05 MW MM92 and Mitsubishi 2.4 MW MWT102 wind turbines

Atlantic Power Corporation (the "Company") announced that on January 31, 2012 it invested approximately $23 million of late-stage development capital to own 51% of Canadian Hills Wind, LLC ("Canadian Hills"). Canadian Hills is the 100% owner of the Canadian Hills Wind Power Project (the "Project"), which is a 298.45 MW wind energy project in the late stages of development, located approximately 20 miles west of Oklahoma City, Oklahoma.

Apex Wind Energy Holdings, LLC ("Apex"), a leading wind power developer based in Charlottesville, Virginia, is the project developer. The Project has executed long-term power purchase agreements with investment grade offtakers for 250.45 MW and is currently negotiating a similar PPA for the remaining 48 MW. Construction is expected to begin by April 2012 with commercial operations expected in November 2012. The Project will deploy REpower 2.05 MW MM92 and Mitsubishi 2.4 MW MWT102 wind turbines, both proven technologies that take advantage of the project’s strong wind regime. The Company would be the Project’s operator and asset manager.

Total project costs are expected to be approximately $460 million. Subject to final due diligence, Board approval and other conditions, the Company will have the right to invest 100% of the project equity or approximately $170 million.

About REpower:
REpower Systems AG is active in the area of wind energy. The main activity is manufacturing wind energy systems, and developing wind parks. The services we offer include research and development, production, as well as marketing and licensing. A comprehensive after-sales service completes the offer pallet. By providing such a broad range of services, REpower is unique in the wind energy market up to now. REpower is also active in constructing wind farms as turnkey-solutions. The company's head office is in Hamburg, manufacturing plants are located in Trampe and Husum and the R&D department is in Rendsburg. In addition, the company maintains subsidiaries abroad.

Currently the product portfolio includes six wind energy systems, with rated outputs from 600 to 2,000 kilowatts. In addition a 5 megawatt offshore system will be commissioned as prototype by the beginning of 2004 and the installation of the first offshore plant is planned for 2005.

At the moment REpower Systems AG holds a share of about 17 percent in the German multi-megawatt class market. This market has strong growth and is highly profitable. The models MD70 and MD77, both rated at 1.5 megawatts, have leading edge technology. Well known competitors such as Gamesa, Fuhrländer and Südwind Energy GmbH (part of the Nordex group) produce their systems partly on the basis of licenses acquired from REpower Systems AG.

The objective of the company is to maintain its leading technological position in the multi-megawatt class by means of internal and external growth to rapidly improve its market position. This will occur through international expansion by involvement in international partnerships and/or joint ventures.

In summary the REpower Systems AG's strategy is based on four pillars:
-Expansion of the top technological position, in particular in the market for multi-megawatt systems,
- Small manufacturing depth (vertical integration),
- Utilization and expansion of long-standing know-how in project development,
- Promotion of the internationalisation of the business model.

Foreign countries and internationalisation (or globalisation?):
For the flexible development of foreign markets, REpower pursues a combination of different entry strategies. According to the requirements of each market, the business model is driven by licensing, joint ventures with local partners, or its own subsidiary and investment businesses. By means of this optimal adaptability to each market's needs, REpower manages to utilize the opportunities of growth-rich foreign markets quickly and effectively.

Regions which are very windy, such as Greece, Spain and the French Atlantic coast, are just beginning to develop as markets. Unlike Germany which is perceived to be fully utilized onshore these rising markets still remain under utilized. It is REpower's objective to increase its presence internationally by making use of this growth potential.

For more information on this article or if you would like to know more about what www.windfair.net can offer, please do not hesitate to contact Trevor Sievert at ts@windfair.net

www.windfair.net is the largest international B2B Internet platform – ultimately designed for connecting wind energy enthusiasts and companies across the globe!

Source:
REpower
Author:
Posted by Trevor Sievert, Online Editorial Journalist
Email:
info@repower.de
Link:
www.repower.de/...
Keywords:
REpower, wind, wind energy, wind turbine, rotorblade, awea, ewea, wind power, suppliers, manufacturerstrevor sievert



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