Renewable Energy Systems Americas Inc. has sold a wind farm project 80 miles east of Denver for $500 million — the Broomfield-based company’s biggest deal.
Enbridge Inc., Canada’s largest pipeline company, is the buyer.
The purchase is a “beach head for future investments into the growing U.S. green energy market,” said Al Monaco, Enbridge executive vice president for major projects and green energy.
In March, RES Americas won a 20-year power purchase agreement from Xcel Energy for its 250 megawatt wind farm in Elbert and Lincoln counties.
Enbridge will take over the operation of the wind farm and the Xcel agreement.
RES Americas will build the wind farm for Enbridge under a fixed-price contract, according to a statement from the companies.
Construction on the facility, which will have 139 turbines manufactured by Vestas Wind Systems, is scheduled to begin this summer.
Enbridge said the farm should be in operation in 2012.
RES Americas and Enbridge are already working on a $275 million wind farm in Ontario, Canada on the north shore of Lake Superior.
Enbridge has six wind projects in Canada. The Cedar Point project will be the company’s single largest wind farm.
RES Americas has built 40 wind projects in 10 states and Canada since 1997, according to company.
