Invenergy, a Chicago-based green energy developer, has signed a 15-year PPA with Puget Sound Energy (PSE), the largest utility in Washington State.
PSE will intake 90MW of clean energy from Invenergy's Vantage Wind Energy Center in Ellensburg, Washington, starting in 2025.
The Vantage Wind Energy Center, with 60 wind turbines, has been online since September 2012, and previously had a 15-year output agreement with Pacific Gas & Electric, which will lapse in 2025.
"This is an exciting time for PSE as we move towards achieving our goal of reducing our own carbon emissions to net zero by 2045," said Ron Roberts, PSE vice president of energy supply. "We do this as we continue our unwavering commitment to provide safe, reliable service at the lowest reasonable costs for customers, 24 hours-a-day 7-days a week, even on the hottest and coldest days."
Last month, Invenergy received a $1 billion investment from Blackstone Infrastructure Partners, for a total of $3 billion in the past year. The funds will go towards growing large wind and solar farm projects, in the US and abroad (PFR, 6/21).
Invenergy is owned by Blackstone, CDPQ, and Invenergy Management, and currently has a 30GW portfolio of energy projects.