Wabash Valley Power Association and Hoosier Energy Rural Electric Cooperative, Inc., located in Indiana, will soon be recipients of a combined 100 MW of wind energy for their members. Hoosier Energy and Wabash Valley are cooperative generation and transmission (G&T) providers with a combined 41 distribution cooperatives located in Indiana, parts of Illinois and Missouri.
More than 611,000 homes, farms and businesses will benefit from the 2-year power purchase agreement the two G&Ts entered into in 2016. The agreement with EDP Renewables’ purchases 100 percent of the wind capacity from Meadow Lake V located in northwestern Indiana.
“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/CEO. “This agreement adds more wind resources to our all-of-the-above portfolio, which includes coal, natural gas, wind, hydro and gas generation.”
“Diversifying our power supply mix is a long-held strategy that reduces both expense and risk for our members,” commented Jay Bartlett, CEO of Wabash Valley Power. “Purchasing wind and other renewable resources furthers our mission to provide affordable, reliable, and sustainable energy to our members.”
The power purchase agreement will provide 25 MW of energy annually in 2018 and an additional 50 MW in 2020 for Hoosier Energy’s cooperative member systems. For Wabash Valley Power members, the agreement will provide 25 MW of energy beginning in 2018.