Dive Summary:
- Xcel Energy Inc. and Renewable Energy Systems Americas Inc. business wing RES America Developments Inc. will collaborate on the development of a 200 megawatt wind park.
- The wind park, dubbed the Pleasant Valley Wind initiative and located near Austin, Minn., will helpf fulfill Xcel Energy's 600 MW wind power goal for its Upper Midwest service territory, and is additionally located near the Xcel's Grand Meadow wind program.
- Construction is expected to be finished in late 2015, and the ongoing initiatives will allow Xcel to reap production tax credit benefits while providing wind energy at reasonable rates.
From the article:
... RES Americas will construct and develop the project, which once completed will be handed over to Xcel Energy. The construction work is projected to be completed by late 2015, while developmental undertakings are expected to run through 2014. ...
