Thursday 2 January 2020

Scout Clean Energy secures $210 million for wind farm in USA

Scout, a Colorado based renewable energy developer, says it has secured the final financing for a wind farm in Jay County, Indiana.

Bitter Ridge has been developed by Scout and will be owned and operated long-term by Scout's dedicated asset management team.

Michael Rucker, CEO and founder of Scout, said: "Bitter Ridge is Scout's second project to close construction financing this year and follows the recent successful closing of our Heart of Texas project and the commencement of operations at Ranchero. We anticipate that Bitter Ridge will be fully operational by September of next year."

Bitter Ridge will consist of 52 of the latest generation GE 2-MW platform wind turbines.

A 15-year Power Purchase Agreement (PPA) has been signed with Constellation, an Exelon company for the long-term purchase of approximately 80% of the renewable energy and capacity generated by Bitter Ridge.