Algonquin Buys 109.5-Megawatt Illinois Wind Farm from Goldwind

Algonquin Power & Utilities Corp. (AQN), a Canadian renewable-energy producer, purchased a 109.5-megawatt wind farm in Illinois from China’s Xinjiang Goldwind Science & Technology Co.

Algonquin paid $148.9 million for the Shady Oaks project about 80 kilometers (50 miles) west of Chicago, the Oakville, Canada-based company said in a statement today.

Shady Oaks was completed in June and is selling electricity to Exelon Corp. (EXC)’s Commonwealth Edison under a 20-year contract. Goldwind will be responsible for operating the plant.

To contact the editor responsible for this story: Will Wade at wwade4@bloomberg.net

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