Iberdrola Renewables, the U.S. subsidiary of the renewable energy unit of the Spanish power company, has inked a power purchase agreement with the Tennessee Valley Authority (TVA) for 300 megawatts of wind-generated power.
TVA will purchase the wind energy from Iberdrola’s Cayuga Ridge South Wind Power Project, which is under construction near the villages of Odell and Emington, Il., south of Chicago. The Cayuga Ridge South wind farm is expected to go live later this year.
TVA plans to add 2,000 megawatts of renewable energy to its generation portfolio. Last fall the government-owned power agency signed two PPAs for 450 megawatts of wind power to be generated by two farms developed by CPV Renewable Energy Company and Chicago-based Invenergy.
Iberdrola Renewables has a portfolio of nearly 3,500 MW of wind power currently in operation across the U.S. with additional projects in construction.