HEARTLAND WIND FROM ENEL, WINDSTREAM

Enel unit to develop 4,000 MW US wind projects
November 24, 2009 (Reuters via Forbes)
and
Wind turbine maker plans southern Indiana plant
November 23, 2009 (AP via Chicago Tribune)

"Italy's biggest renewable energy company, Enel Green Power [plans] to develop more than 4,000 megawatt of wind projects in the United States after buying a minority stake in Minnesota-based Geronimo Wind Energy.

"Under a strategic partnership agreement, Enel Green Power [the green energy arm of Italy's biggest utility] will inject capital to develop the project pipeline and also have the priority right to buy, own and operate wind projects developed by Geronimo…It did not say how much it paid for the stake or how much it planned to invest in developing new US wind projects…

"…[Enel reportedly plans]several small-size acquisitions in wind power generation by the end of this year, targeting small companies with assets and project pipelines…Enel Green Power, with over 4,500 MW of installed solar, wind and other renewable energy capacity around the world, has been boosting its U.S. clean energy portfolio. It has a similar investment in TradeWind Energy based near Lenexa, Kansas."

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"WindStream Technologies Inc. said…its [planned development and production facility for small-scale wind turbines in Indiana] could have more than 260 workers by 2012. The company is now based in California and plans to begin hiring as facility and equipment upgrades are made at the site in the Purdue Research Park of Southeast Indiana.

"WindStream says its TurboMills are designed to capture wind energy in urban areas. The devices are intended as a low-cost way to supplement a customer's electricity needs.

"The Indiana Economic Development Corp. offered WindStream up to $1.5 million in performance-based tax credits for the project."