US energy firm Engie North America has acquired the 151.2MW South Dakota wind project, the Dakota Range III, from Apex Clean Energy for an undisclosed sum.
Located in the north-eastern South Dakota, the Dakota Range III wind project is expected to generate creation during project construction and operational phase and local tax payments.
Engie North America senior vice-president and US Wind Development head Matt Riley said: “Dakota Range III continues Engie’s significant expansion in the utility-scale renewable market via both greenfield development and acquisition.
“We look forward to completing development of the project with Apex by the summer of 2019, and to serving Xcel Energy, one of the most ambitious investors in renewable energy of any utility in the country.”
In addition to the acquisition, the company has entered into a power purchase agreement with Xcel Energy for the project’s full capacity.
Headquartered in Minneapolis, Xcel Energy focuses on minimising carbon emission levels and delivering clean energy solutions from a variety of renewable sources at competitive prices.
Xcel Energy South Dakota president Chris Clark said: “We are pleased to once again work with Apex, and now Engie, to bring cost-effective renewable energy to our customers.
“We have a clean energy strategy to nearly double the amount of wind energy on our system in the Upper Midwest by 2022 and this investment in Dakota Range III gets us closer to that goal.”
In February this year, Engie North America acquired US-based wind projects developer Infinity Renewables for an undisclosed amount.
The deal included more than 8,000MW of projects that were in several developmental phases.