Clipper Windpower, Inc. (“Clipper”) today announced that it has entered into a long-term power purchase agreement with Old Dominion Electric Cooperative (“ODEC”)
Clipper Windpower, Inc. (“Clipper”) today announced that it has
entered into a long-term power purchase agreement with Old Dominion
Electric Cooperative (“ODEC”), wherein Clipper will supply ODEC with
the renewable energy credits (RECs) and the full electrical output
produced by a new 70 MW wind project, the “Criterion” Wind Project,
currently under development by Clipper.
Carpinteria, CA (PRWEB) May 15, 2009 — Clipper Windpower, Inc.
(“Clipper”) today announced that it has entered into a long-term power
purchase agreement with Old Dominion Electric Cooperative (“ODEC”),
wherein Clipper will supply ODEC with the renewable energy credits
(RECs) and the full electrical output produced by a new 70 MW wind
project, the “Criterion” Wind Project, currently under development by
Clipper.
The Criterion site is located in Garrett County, Maryland, to the
east of the county seat of Oakland on Backbone Mountain. Initiated in
2001, the proposed project has undergone studies and extensive review
by the state, local agencies and the local public. Criterion supports
Maryland’s Renewable Portfolio Standard (RPS) which encourages new wind
energy projects within the State of Maryland.
Once built, Criterion’s electrical output will be distributed by
ODEC to the electricity members of ODEC’s 11 member electric
distribution cooperatives in Virginia, Maryland and Delaware. At a cost
of approximately $160 million, Criterion will be one of the largest
single investments in western Maryland. Over its 20-year life, it is
expected to contribute more than $25 million in local taxes, and, at
peak construction, provide in the neighborhood of 110-120 well-paying
construction jobs, and 4-6 fulltime operations and maintenance jobs
once the project is complete.
Scheduled to be completed by late 2010, the project will produce
enough wind-generated electricity to power about 20,000 average
American homes on an annual basis while helping to reduce America’s
carbon footprint.
Source: Clipper Windpower