Fri October 23, 2009
TVA to Buy 450 MegaWatts in Dakotas' Wind Turbines
Knoxville, TN – The Tennessee Valley Authority has agreed to buy 450 megawatts from two wind farms in North and South Dakota. The nation's largest public utility announced yesterday it has signed 20-year power purchase agreements with Maryland-based CVP Renewable Energy Company and Chicago-based Invenergy for electricity generated by wind farms they're developing in the Dakotas.
Together, the purchases could supply 140,000 homes. TVA executive Belinda Thornton says this could give TVA the largest renewable energy portfolio in the Southeast. TVA directors have agreed to secure as many as 2,000 megawatts of renewable energy. Thornton says as many as three more power contracts could be announced by the end of the calendar year.