Alliant Energy Corporation (NYSE: LNT) will purchase approximately $817 million worth of wind turbines from Vestas-American Wind Technology, Inc. (VWS.DE) under a master supply agreement (MSA) effective June 1, 2008.
The agreement provides Alliant Energy’s utility subsidiaries, Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL), with a total of 303 units of Vestas’ V82 1.65 megawatt (MW) wind turbines.
The turbines will have a total installed capacity of 500 MW and will be delivered in three groups, beginning in 2009, with delivery for the final two groups of turbines beginning in 2010.
Alliant Energy expects the wind turbine equipment to meet the utilities-owned wind generation plan, including IPL’s Whispering Willow Wind Farm–East project, which is a 200-MW site located in Franklin County, Iowa, and also support a portion of other anticipated utility-owned wind generation projects.
Jens Soby, President of Vestas Americas A/S, said, "A total of 500 megawatts of wind generating capacity will make a significant contribution to the company’s power supply in the states where the turbines will be installed. As such, this order is further proof that wind is poised to become a major player in the national energy mix. What we have seen so far in the USA is just the beginning. With a stable federal political framework in place that will allow for planning in the medium and long term, the industry can start to fully utilize the abundant wind resources in this country."
About Alliant Energy
Alliant Energy is an energy-services provider with subsidiaries serving approximately 1 million electric and over 400,000 natural gas customers. Providing its customers in the Midwest with regulated electric and natural gas service is the company’s primary focus. Alliant Energy, headquartered in Madison, Wis., is a Fortune 1000 company.
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