Wednesday, May 28, 2008

Iberdrola seeks buyers for wind power

Iberdrola Renewables Inc. is seeking bidders for 593 megawatts of electric capacity generated from three wind farms in the Midwest.

The Portland-based energy production company on Wednesday issued a reverse request for proposals for the bidders interested in buying energy or renewable energy credits generated from three projects:

Farmers City Wind in Missouri, with anticipated capacity of 144 MW.

Streator Cayuga Ridge South in northern Illinois, with anticipated capacity of 300 MW.

Rugby Wind in North Dakota, with anticipated capacity of 149 MW.

Bids are due at 3 p.m. Pacific on June 26. Bidders selected for further negotiations for purchase agreements will be contacted in early July.

Iberdrola Renewables, formerly known as PPM Energy Inc., is a division of Iberdrola SA, a Bilbao, Spain-based gas and electric producer.

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