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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.