Suncor Energy (NYSE:SU) has reportedly ordered 55 wind turbines from General Electric (NYSE:GE) for its project in Alberta, Canada.
The order is expected to be fulfilled by General Electric in the second quarter of 2011.
Teck Resources (NYSE:TCK) is a 30 percent partner with Suncor in the project, which has the remaining 70 percent stake. The Wintering Hills project is located 79 miles northeast of Calgary.
Approximately 35,000 homes will be supplied power from the 88 MW project.
Suncor closed Tuesday at $32.81, gaining $0.26, or 0.80 percent. Teck Resources closed in New York at $45.33, increasing $0.48, or 1.07 percent. General Electric closed at $15.94, losing $0.01, or 0.06 percent.
Showing posts with label Wind Farm. Show all posts
Showing posts with label Wind Farm. Show all posts
Wednesday, November 3, 2010
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.
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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