Enbridge, Canada's No. 2 pipeline company, announces that it has completed its 250-megawatt Colorado wind power project, its largest-ever investment in renewable energy. The wind farm is located about 130 kilometers east of Denver, Colorado.
RES Americas has developed and constructed the wind farm called Cedar Point Wind Energy Project. Enbridge agreed to buy it for $500 Mln.
"Wind energy is a key component of Enbridge's strategy to invest in renewable energy sources that complement our core operations, generate solid returns and stable cash flow, and benefit the environment," said Al Monaco, President, Gas Pipelines, Green Energy & International. "We are also pleased that this project has created near-term employment in Colorado, and has advanced the state's renewable energy policy objectives. The Cedar Point Wind Project is our first U.S. wind investment, an excellent addition to our rapidly growing renewable energy portfolio.