Thursday, September 9, 2010

BP (NYSE:BP) Launches Construction on Wind Farm

BP (NYSE:BP) has started the construction phase of a wind farm in Colorado which will be a 250.8-megawatt project.

Called the Cedar Creek II, it'll be the ninth wind farm BP has in the U.S., and will be able to power about 75,000 regular American homes.

BP is a minority owner in the project, which is 67 percent owned by Australian-based Infigen Energy (ASX:IFN), a producer of wind power.

When completed in June 2011, the venture will sell power to Xcel Energy's (NYSE:XEL) Public Service Co. in Colorado.

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