EverWind to acquire 240 MW wind farm in Illinois

April 11, 2014 by  
Filed under Green Energy News



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Pittsburgh-based EverWind Holdings Inc. has signed a definitive agreement with Suzlon Energy to acquire the Big Sky Wind Farm











Justine Coyne
Reporter- Pittsburgh Business Times

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Pittsburgh-based EverWind Holdings Inc. has signed a definitive agreement with Suzlon Energy to acquire the Big Sky Wind Farm, a 240 MW wind farm located in Bureau and Lee Counties, about 95 miles west of Chicago.

The acquisition of Big Sky brings EverPower’s total operational wind generating capacity in the U.S. to 750 MW, making it the 18th largest wind generator in the country, the company said. Completed in early 2011, the Big Sky project powers enough electricity annually to power nearly 50,000 homes, while also offsetting over 225,000 tons of carbon dioxide emissions.

EverPower opened a Pittsburgh office in 2009, the same year it was bought by British private equity firm Terra Firma.

“The acquisition of Big Sky is a transformative deal for EverPower, growing its total generating capacity by nearly 50%,” Stefan Thiele, managing director at Terra Firma, said in a prepared statement. “This is a high-quality site which further strengthens EverPower’s position as a major wind energy producer in the US.”

EverPower said over 70 percent of its capacity is now located in PJM, the regional transmission organization that coordinates the movement of wholesale electricity in all of part of 13 states and the District of Columbia. 

Financial terms of the transaction were not disclosed.

Justine Coyne covers manufacturing and higher education.

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