Invenergy and WPPI Energy today announced an agreement that will advance plans for constructing the 132-megawatt Bishop Hill III Wind Energy Center in Henry County, Illinois.
Bishop Hill III Wind Energy Center is scheduled to begin commercial operation by mid-2018 and will create more than 150 jobs during construction and up to six full-time jobs once operational. The project will generate more than $10 million in local economic development in its first 10 years of operation through tax payments, lease payments to participating landowners, and wages and benefits for employees.
“We’re pleased to work with WPPI Energy to help them deliver clean, reliable energy to their member utilities and customers,” said Invenergy’s EVP and Chief Commercial Officer Jim Shield. “Utilities like WPPI recognize the economic value renewables bring to their energy portfolio and to local communities.”
WPPI Energy has entered into a power purchase agreement to buy the electricity from the facility through mid-2040 in order to serve its 51 member utilities and their customers across Wisconsin, Upper Michigan and Iowa.
“This agreement provides WPPI Energy with a highly cost-effective resource that will more than double the amount of wind energy in our power supply portfolio,” said Mike Peters, president and CEO of WPPI Energy. “When the Bishop Hill III project comes online, our power supply will be more than 40% emission-free.”
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Invenergy drives innovation in energy. Invenergy and its affiliated companies develop, own, and operate large-scale renewable and other clean energy generation and storage facilities in the Americas, Europe and Asia. Invenergy's home office is located in Chicago and it has regional development offices in the United States, Canada, Mexico, Japan, Poland and Scotland.
Invenergy and its affiliated companies have developed more than 15,900 megawatts of projects that are in operation, construction or contracted, including wind, solar, natural gas-fueled power generation and energy storage projects. For more information, please visit www.invenergyllc.com.
About WPPI Energy
WPPI Energy is a not-for-profit, regional power company serving 51 locally owned electric utilities in Wisconsin, Upper Michigan and Iowa. WPPI Energy strives to deliver reliable, low-cost wholesale electricity, best-in-class services and effective advocacy for its member utilities and the 200,000+ customers they serve. For more information, please visit www.wppienergy.org.