United States

United States

Bloomberg joins GM in Illinois power deal

UNITED STATES: Business and financial news company Bloomberg will buy power generated by 17MW of a 185MW project currently under construction by Enel Green Power (EGP).

Bloomberg aims to source 100% of its power from renewable sources by 2025 (pic: Wikimedia Commons)
Bloomberg aims to source 100% of its power from renewable sources by 2025 (pic: Wikimedia Commons)

The 17MW from the 185MW Hill Topper site in Illinois, EGP’s first project in the Midwestern state, will help Bloomberg towards its target of sourcing 100% renewable energy by 2025.

Enel will also sell power generated from a 100MW portion of the project to car manufacturer General Motors (GM) under a separate power purchase agreement (PPA).

This energy will provide 100% renewable energy at GM facilities in Ohio and Indiana.

A third agreement is currently being negotiated for the sale of a portion of the power from the remaining 68MW, Enel told Windpower Monthly.

Enel expects Hill Topper to generate around 570GWh a year once completed, the company stated.

Enel had worked alongside investment firm Swift Current Energy throughout much of the development process, the company stated. It acquired the project, which is situated in Logan County in central Illinois, from them in March of this year.

The developer would not disclose what turbines will be used at Hill Topper, but confirmed that it expected the project to be operational by the end of 2018.

So far this year, Enel has signed nearly 400MW of new power supply contracts with commercial and industrial customers in the US, the developer stated. Last year, it signed more than 650MW worth of power deals.

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