Constellation Energy Completes Acquisition of Criterion Wind Project in Western Maryland
April 07 2010 - 8:00AM
Business Wire
Constellation Energy (NYSE: CEG) today announced it has closed
its agreement with Clipper Windpower, Inc., to acquire the
Criterion wind project in Garrett County, Md., and to purchase 28
Clipper Liberty 2.5-megawatt wind turbines for the project. The
70-megawatt project will be developed, constructed, owned and
operated by Constellation Energy. It is estimated that up to 125
new jobs will be created during peak construction. Commercial
operation of the wind energy facility is anticipated by
year-end.
“Maryland’s clean energy goals are among the most ambitious in
the nation and we’re committed to working with the state to achieve
them by investing in an array of solar, wind, biomass and other
sustainable energy projects,” said Kathleen W. Hyle, senior vice
president, Constellation Energy, and chief operating officer,
Constellation Energy Resources. “The market for clean energy
products and services is growing rapidly in Maryland and across
competitive energy markets nationwide. Investments in sustainable
energy sources improve the environment by reducing carbon
emissions, spur much-needed job growth and allow us to broaden our
clean energy product offerings for customers.”
Constellation Energy intends to complete the project in an
environmentally responsible manner with special attention to avoid,
minimize and mitigate any potential wildlife impacts from the
project. The company will continue to work with state and federal
agencies as part of this effort and plans to apply for an
“incidental take” permit from the U.S. Fish and Wildlife
Service.
The project has entered into a 20-year power purchase agreement
with the Old Dominion Electric Cooperative for energy and renewable
energy credits produced by the wind facility. Old Dominion is a
not-for-profit wholesale power provider serving public electric
cooperatives in Maryland, Delaware and Virginia.
Constellation Energy’s growing clean energy portfolio includes
approximately 1,000 megawatts of renewable power generation owned
or under contract from sources including utility-scale solar,
hydro, geothermal and biomass power plants. Constellation Energy
also works with commercial customers to develop distributed solar
solutions. Approximately 25 megawatts of solar installations owned
and operated by Constellation Energy have been completed or are
under development for customers ranging from universities to state
government agencies, as well as an array of retail and industrial
businesses.
About Constellation Energy
Constellation Energy (www.constellation.com) is a leading
supplier of energy products and services to wholesale and retail
electric and natural gas customers. It owns a diversified fleet of
generating units located in the United States and Canada, totaling
approximately 7,100 megawatts of generating capacity, and is among
the leaders pursuing the development of new nuclear plants in the
United States. The company delivers electricity and natural gas
through the Baltimore Gas and Electric Company (BGE), its regulated
utility in Central Maryland. A FORTUNE 500 company headquartered in
Baltimore, Constellation Energy had revenues of $15.6 billion in
2009.
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