Iberdrola Renewables Announces Additional Blue Creek Wind Farm Customer

  Iberdrola Renewables Announces Additional Blue Creek Wind Farm Customer

Ohio State University to power 25% of Columbus campus with wind while Blue
Creek becomes largest single taxpayer in local county.

Business Wire

PORTLAND, Ore. -- April 9, 2013

Iberdrola Renewables announced Ohio State University, in its ongoing efforts
to become a carbon-neutral campus, has purchased 50 megawatts (MW) from its
Blue Creek Wind Farm, located in Van Wert and Paulding counties in Ohio.

“This commitment to wind energy is a great example of Ohio State’s leadership
in sustainability issues,” said Ron Sega, vice president and enterprise
executive for energy and environment. “In addition to supporting renewable
energy, this wind purchase provides us with about $1 million in annual savings
for two years over what we would have spent with the standard tariffed rate.”

Blue Creek will now pay approximately $2 million in annual lease payments to
local landowners, and $2.7 million in annual payments to local taxing bodies.
In Van Wert County, where 75 percent of Blue Creek is located, Iberdrola
Renewables will be the largest single taxpayer—larger than the next 14
businesses combined.

“Our Blue Creek project will deliver substantial local economic benefits for
years,” said Martín Múgica, president and CEO of Iberdrola Renewables, LLC.
“It’s also a smart and affordable choice for Ohio St. University, that brings
clean, renewable power to an institution committed to protecting the
environment and diversifying their energy portfolio. We commend all of our
partners for recognizing the tremendous economic benefits that wind power
generates.”

Even before the plant became operational, building Blue Creek contributed more
than 500 construction jobs, $25 million in local spending, and put more than
30 Ohio companies to work on this project. Blue Creek represented a $600
million investment—Ohio’s largest in 2011.

The Blue Creek Wind Farm [video, photos, fact sheet] consists of 152 Gamesa
2-MW wind turbines, primarily manufactured and assembled in Wisconsin, Texas,
Illinois, Pennsylvania, and North Dakota. Those turbines are located in the
Tully, Union, and Hoaglin townships of Van Wert County, Ohio; and the Benton,
Blue Creek, and Latty townships of Paulding County, Ohio.

The Blue Creek Wind Farm offsets carbon dioxide emissions by approximately 1.6
billion pounds per year. That is equivalent to the volume of 158 Ohio
Stadiums, or to planting about 138,000 acres of trees, or of taking 114,000
cars off the road. It also equates to not consuming about 2.1 million barrels
of oil.

Ohio State University joins two previously announced customers for the
project. FirstEnergy is purchasing 100 MW, and American Municipal Power (AMP)
is purchasing 52.16 MW. With the Ohio State purchase, more than 202 MW of the
project’s 304 MW have been sold under long-term agreements.

Iberdrola Renewables, LLC is the U.S. renewable energy division of parent
company IBERDROLA, S.A., an energy pioneer with the largest renewable asset
base of any company in the world. Iberdrola Renewables, LLC is headquartered
in Portland, Ore., and has nearly $10 billion of operating assets including
more than 5,700 MW of wind generation.

Additional Resources:

May 16, 2011: Iberdrola Renewables Funds Wind Technician Training in Ohio

February 8, 2011: Iberdrola Renewables and FirstEnergy Solutions Sign
Agreement for Largest Wind Power Project in Ohio

January 14, 2011: Van Wert County Celebrates New Year with New Funding

Contact:

Iberdrola Renewables
Paul Copleman, 207-641-2805
 
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