Sempra Invests In 200-MW BP Indiana Wind Farm
September 17 2009 - 8:41PM
Dow Jones News
Sempra Energy's (SRE) generation unit said Thursday it has taken
a 50% stake in a 200-megawatt wind farm in Indiana being developed
by a unit of BP Plc (BP).
Sempra Generation of San Diego said it has become an equal
partner with BP Wind Energy in the Fowler Ridge 2 wind farm in
Benton County, Ind. Units of American Electric Power Co. Inc. (AEP)
and Vectren Corp. (VVC) have signed 20-year contracts for the
output from the facility, which is to be built near an existing
400-megawatt wind farm. Together, the wind farms will produce
enough power for about 180,000 homes, Sempra said.
Shares of Sempra closed Thursday 1% higher, at $51.06.
-By Cassandra Sweet, Dow Jones Newswires; 415-439-6468;
cassandra.sweet@dowjones.com