AES Expands Wind Generation Operations to 1,000 MW in the US

May 30 - BUSINESS WIRE - The AES Corporation today announced that it is expanding its wind generation business in the US through the acquisition of two wind farm projects totaling 186 MW from GE Energy Financial Services, a unit of General Electric. Financial terms of the transaction were not disclosed. With the addition of these two wind farms, AES will have more than 1,000 MW of wind facilities in operation or under construction in the US.

The projects include Lake Benton I, a 106.5 MW wind farm in southwestern Minnesota, and Storm Lake II, a 79.5 MW wind farm in northwestern Iowa. With an installed generation capacity of 186 MW, these two projects can support the energy needs of approximately 50,000 homes in the US.

“The global market for wind generation is expected to more than triple in size by 2015, and we see tremendous opportunities in wind,” said Ned Hall, AES President, Renewable Generation. “Through these acquisitions, AES will establish a strong presence in a region where demand for wind power is projected to continue to increase during the next few years.” Read More.