Hoosier Energy Rural Electric Cooperative, Inc. and Wabash Valley Power Association have entered into a 20-year purchase power agreement that will add 100 megawatts (MW) of wind energy.
The wind power agreement with EDP Renewables North America (EDPR NA) is for 100 MW from the Meadow Lake V Wind Farm located in northwest Indiana. Under the terms of the agreement, Hoosier Energy and Wabash Valley Power, which supply power to 41 rural electric distribution cooperatives in Indiana and parts of Illinois and Missouri, will share the 100 megawatts of renewable energy.
“Electric cooperatives are focused on providing cost-effective energy for their member systems through a variety of resources including renewables,” said Steve Smith, Hoosier Energy President and Chief Executive Officer. “This agreement adds more wind resources to our “all-of-the-above” portfolio, which includes coal, natural gas, wind, hydro, landfill methane and coalbed methane generation.”
“As a cooperative, we do not exist for the benefit of shareholders, or even customers, but for members. In that spirit, we’ve come together to increase our buying power and deflect the risks associated with supplying electricity. Adding wind generation further diversifies our power supply mix. And a diversified strategy helps reduce both expense and risk for our members,” commented Jay Bartlett, CEO of Wabash Valley Power.