Schneider Power USA Inc., a subsidiary of Toronto-based Schneider Power Inc., announced that it has entered into a non-binding memorandum of understanding concerning co-operation with juwi Wind US Corporation (JWUS) a subsidiary of German wind project developer juwi GmbH, for the joint development of up to 300 megawatts (MW) of wind energy projects in the United States.
Under the terms of the deal, JWUS will jointly develop wind projects with Schneider Power in the Northeastern United States, Midwest and Texas transmission corridors. The total capital cost to realize the contemplated projects is anticipated to be $750-$850 million (C$779-C$840 million).
"I’m delighted with this exciting new venture. It is precisely what we had envisioned for Schneider Power USA Inc. and will allow us to introduce our brand to the U.S. market, whilst ensuring the success of our projects continuing our working relationship with a very reputable partner such as juwi," Thomas Schneider, CEO of Schneider Power Inc, said.
Schneider Power USA Inc.
Schneider Power USA Inc. is a subsidiary of Schneider Power Inc., a Canadian-based renewable energy company and independent power producer with a strong focus on the exploitation of renewable resources in nine markets worldwide. Its current portfolio consists of three operational wind farms and a portfolio of potential renewable power facilities totalling approximately 1.7 gigawatts. The company is currently expanding its capacity in Ontario with the addition of 40 MW of construction ready wind projects and a 10 MW solar photovoltaic facility. Schneider Power Inc. is a licensed electricity generator and wholesaler of electricity and also supplies EcologoM certified green electricity to Ontario electricity retailer Bullfrog Power Inc. from its Providence Bay Wind Farm on Manitoulin Island. Schneider Power USA’s head office is based in New York, NY with a field office located in Denver, Colorado.
juwi Wind US Corporation
juwi Wind US Corporation (JWUS) is wholly owned subsidiary of juwi GmbH of Mainz, Germany. juwi has designed, developed and operates more than 440 MW of wind farms at over 50 sites worldwide. juwi also has over 700 solar installations and is constructing one of the largest photovoltaic plants in the world (40 MW). To date juwi solar has implemented approximately 100 MW of photovoltaic capacity. With over 300 employees, juwi is active in all parts of project development, from financing to turnkey construction and O&M services. JWUS operations in the United States are headquartered in Cleveland, Ohio with other operating offices in Sunbury, Pennsylvania and Lawrence, Kansas.
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