United States

United States

Marubeni acquires stake in Minnesota 205MW project

UNITED STATES: Japanese investment group the Marubeni Corporation has acquired a stake in a 205MW project developed by EDF Renewable Energy.

EDF's Lakefield wind farm in southern Minnesota
EDF's Lakefield wind farm in southern Minnesota

The Lakefield wind farm, in Jackson County, southern Minnesota, has a 20 year power purchase agreement with Indianapolis Power and Light.

Lakefield us Marubeni's second project acquisition in North America. Last year, Marubeni acquired a 49% stake in Invenergy Wind LLC's 78MW Raleigh Wind Energy Centre in Ontario.

Overall Marubeni has over 30GW in energy projects.

Last year, Marubeni announced plans to enter the regulated transmission and distribution business in Texas with Hunt Power, and is partnering with Google in the development of undersea power cables off the US Atlantic coast to deliver electricity from offshore wind.

The Raleigh project is made up of 52 GE Energy 1.5MW turbines. As majority owner, Invenergy will operate and manage the facility.

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