LCG Consulting
LCG, March 7, 2007--Alite Wind LLC, a subsidiary of Allco Wind Energy, has ordered 24 MW of the V90-3.0 MW wind turbine from Vestas for installation at the Alta Wind Energy Center, a planned wind farm in Southern California. The turbines are part of the initial phase of a 1,500 MW project and are scheduled to be shipped by Vestas in the third quarter. The initial phase is expected to commence operations in October 2007.
In December 2006, Southern California Edison, signed a 20-year power purchase agreement (PPA) for the electric output from the planned, 1,500 MW wind farm to be built on a 50-square mile area in the Tehachapi area of Southern California. The PPA is with Allco Wind Energy, a division of Allco Finance Group Limited (AFG).
The project is being developed by Alta Innovative Power Co. LLC, a joint venture between Allco Wind Energy and Oak Creek Energy Systems. The project includes 750 turbines and has an estimated cost of $3 billion.
California's renewable energy goals and global warming legislation create a positive regulatory environment for wind developers. However, the PPA will need to be approved by the California Public Utilities Commission. Furthermore, the Commission will need to approve plans to construct a series of new and upgraded high-voltage transmission lines to deliver the power from a remote area to load centers.
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