The Conti Group, a 100 year-old diversified construction and engineering services firm, has formed Alternity Wind Power, LLC, as a late stage, integrated developer of utility-scale wind farm projects in North America. The spin-off will work with early stage wind project developers to engineer, construct and commission wind power operations across North America.
The company is establishing partnerships with early stage wind project developers, landowners, turbine manufacturers, utilities and local communities to develop wind farms with capacities of 50 MW or greater. The firm plans to create a portfolio of more than 2100 MW of wind power capacity in North America by 2012.
“Today, there is a void in the wind energy marketplace: too few companies are willing to build fair partnerships with early stage wind project developers,” said Jack Gelman, Alternity Wind Power President and CEO. “That’s where Alternity Wind Power comes in.” “Alternity Wind Power was founded with the idea of building ‘win/win’ relationships, by providing early stage developers with the resources they need to bring their wind projects to completion.”
As an integrated project developer, Alternity Wind Power will draw upon the engineering and construction expertise of its lead investor, The Conti Group. The Conti Group’s project management heritage will enable Alternity Wind Power to significantly reduce the frictional costs that result when different entities control the development and construction phases.
In addition, as a turnkey contractor, Alternity says it will use The Conti Group’s expertise in project management best practices and value engineering to bring projects in under budget and ahead of schedule
“Currently, developers of wind projects often come up against obstacles that prevent them from moving their wind projects beyond the early stage,” said Gelman. “We intend to position ourselves as the preferred partner for these early stage developers, enabling them to move their projects ahead quickly and efficiently.”
Alternity Wind Power plans to work with early stage wind project developers to:
” Raise financing
” Procure wind turbines
” Negotiate Power Purchase Agreements (PPAs)
” Secure federal, state and local tax credits
” Design and engineer wind projects
” Construct and commission projects
” Oversee O&M Services
Alternity is in the process of identifying of partners with “construction ready” sites. Many smaller developers/owners of such sites with suitable wind resources, willing landowners and nearby transmission lines are themselves seeking partners that can either help them complete development and begin construction on new projects or complete construction on projects already begun.
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