MINNEAPOLIS, April 27, 2015 /PRNewswire-USNewswire/ --
Geronimo Energy, LLC ("Geronimo") is pleased to announce the sale
of the Black Oak Getty wind project ("Black Oak Getty" or
"Project") to Sempra U.S. Gas & Power, a leading developer of
clean energy solutions in markets throughout the U.S. Sempra U.S.
Gas & Power expects construction of Black Oak Getty to peak in
2016, with commercial operation anticipated by the end of 2016.
Geronimo has been retained to assist in the completion of the
Project's development phase.
Black Oak Getty is a 78-megawatt ("MW") wind project spread
across approximately 12,000 acres in Stearns County, Minnesota. One hundred percent
of Black Oak Getty's energy output is sold under a long-term Power
Purchase Agreement ("PPA") with Minnesota Municipal Power Agency
("MMPA"). Black Oak Getty is expected to produce enough electricity
to power approximately 30,000 homes annually and employ 250 workers
at peak construction.
"Geronimo is pleased to partner with a world-class company like
Sempra U.S. Gas & Power to help bring the Black Oak Getty wind
farm into operation," says Geronimo Energy President, Blake Nixon. "As a result of this transaction,
the Black Oak Getty wind farm will bring positive economic impact
to the local area and stable, low cost renewable energy to the
member communities of MMPA."
"We are pleased to have the opportunity to diversify and expand
our renewables portfolio through the acquisition, development and
operation of the Black Oak Getty wind project," said Patricia K. Wagner, president and CEO of Sempra
U.S. Gas & Power. "We look forward to providing Minnesota with a stable supply of clean,
renewable energy and becoming a long-term partner with the local
community through the development and operation of this
project."
"We have been pleased to work with Geronimo to bring the Black
Oak Getty wind project to this stage," says Derick O. Dahlen, Executive Manager for MMPA.
"MMPA's purchase from this wind project will help MMPA meet its
renewable energy obligation of 25 percent in 2025."
About Geronimo Energy
Geronimo Energy is a
utility-scale renewable energy development company headquartered in
Edina, Minnesota. Geronimo has
developed multiple operating wind farms and solar projects
throughout the Midwestern United States. Together with its various
project partners, Geronimo is poised to build wind projects with an
aggregate nameplate capacity of over 1,000 MW and approximately 200
MW of solar projects throughout the Midwest by the end of 2016.
Geronimo has a multi-gigawatt development pipeline of wind and
solar projects in various stages of development throughout
the United States and provides
custom renewable energy development solutions for utilities and
corporations looking to harness renewable energy for business
growth. For more information about Geronimo Energy, visit
www.geronimoenergy.com.
About Sempra U.S. Gas & Power, LLC
Sempra U.S. Gas
& Power, LLC is a leading developer of renewable energy and
natural gas solutions with power plants that generate enough
electricity for nearly 600,000 homes and businesses. Sempra
U.S. Gas & Power companies also operate natural gas storage
facilities, pipelines and distribution utilities. The company is a
subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500
energy services holding company with 2014 revenues of approximately
$11 billion. The Sempra Energy
companies' 17,000 employees serve more than 32 million consumers
worldwide. For more information, visit
www.SempraUSGP.com.
About Minnesota Municipal Power Agency ("MMPA")
MMPA
is committed to providing its 13 member communities with reliable,
competitively priced power and to creating value for both the
Agency and its members. The Agency is owned by its member cities
and governed by a Board of Directors with representatives from each
community. MMPA is an innovator, pursuing forward thinking
solutions in the areas of power generation, energy conservation and
renewable energy.
Contact: Lindsay T.
Smith
Geronimo Energy
7650 Edinborough Way, Suite 725
Edina, MN 55435
P: (952) 988-9000
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SOURCE Geronimo Energy