SILVER SPRING, MD – CPV Renewable Energy Company (CPV) today announced that it has sold the rights to the initial 101.2 MW phase of the CPV Keenan wind farm to Oklahoma Gas & Electric Company (OG&E). The wind farm will be renamed OU Spirit and will supply renewable energy to the University of Oklahoma (OU) through a wind power agreement between OU and OG&E.
“Through its innovative agreement with OU and purchase of the initial phase of the CPV wind project, OG&E has again taken a leadership role in promoting wind energy in Oklahoma,” said Sean Finnerty, Senior Vice President of Competitive Power Ventures. “Like OG&E, CPV is committed to helping state regulators in their effort to increase the amount of renewable energy available for Oklahoma electric customers.”
CPV developed the wind farm, located south of Woodward, Oklahoma, as the initial phase of a multi-phased project expected to reach commercial operation starting in late 2009. The project will utilize 44 Siemens 2.3 MW wind turbines and will be constructed under an agreement with Tetra Tech EC. CPV expects Phase II of the Keenan project to progress toward a commercial operation date in 2010.
About Competitive Power Ventures Holdings, LLC (CPV)
Established in 1999, Competitive Power Ventures is a North American power industry development and asset management company headquartered in Silver Spring, Maryland. CPV has regional offices in Braintree, Massachusetts, San Francisco, California and Toronto, Ontario, Canada. The company’s development professionals have played critical roles in the successful development of more than 30 generating facilities, representing over 15,000 megawatts of currently operational power generation capacity. For more information please visit www.cpv.com.