NRG Energy, Inc. (NYSE: NRG) through its wholly owned subsidiary, Padoma Wind Power LLC, has entered into a 50-50 joint venture with BP Alternative Energy North America Inc. to build the first phase of the Sherbino Wind Farm in west Texas.
The Sherbino I Wind Farm will be a 150-megawatt (MW) wind project, consisting of 50 Vestas 3 MW wind turbine generators, located approximately 40 miles east of Fort Stockton in Pecos County, Texas, according to a release.
The Sherbino I Wind Farm will be located on more than 9,000 acres on a mesa with an elevation of approximately 3,000 feet above sea level. According to the companies, the land is primarily used for low density sheep and cattle grazing with some oil and gas development.
Padoma is managing the construction, which began in late 2007, with Mortenson Construction as the Engineering, Procurement and Construction (EPC) contractor. The project is scheduled to begin commercial operation during the second half of 2008 at which time BP will handle the operations and dispatch.
About NRG and Padoma Wind Power
A Fortune 500 company, NRG Energy, Inc. owns and operates a diverse portfolio of power-generating facilities, primarily in Texas and the Northeast, South Central and West regions of the United States and also in Australia, Germany and Brazil. NRG is a member of USCAP, a diverse group of business and environmental organizations calling for mandatory legislation to achieve significant reductions of greenhouse gas emissions. NRG is also a founding member of "3C–Combat Climate Change," a global initiative with 42 business leaders calling on the global business community to take a leadership role in designing the road map to a low carbon society.
Padoma Wind Power LLC, a wholly-owned subsidiary of NRG Energy, Inc. since 2006, is a wind farm development company whose principals have developed, financed, built and operated more than 40 wind farms in the United States and Europe. The company is based in La Jolla, California. More information on Padoma Wind Power is available at www.padoma.com.
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