Geronimo Energy Sells Second Wind Farm to Sempra U.S. Gas & Power
EDINA, Minn., July 25, 2016 /PRNewswire/ -- Geronimo Energy, LLC ("Geronimo") is pleased to announce the sale of the Apple Blossom Wind Farm ("Apple Blossom") to Sempra U.S. Gas & Power, a leading developer of renewable energy and natural gas infrastructure, and a subsidiary of Sempra Energy (NYSE: SRE).
Apple Blossom is a 100-megawatt wind farm located in Huron County, Michigan. Apple Blossom is expected to power an estimated 38,000 Michigan homes and will offset approximately 200,000 metric tons of carbon dioxide emissions annually. In addition to the considerable environmental benefits, Apple Blossom will also provide economic benefits in the form of increased tax revenue, landowner payments, job creation and charitable contributions. Apple Blossom's power has been sold to Consumers Energy under a 15-year contract.
Apple Blossom marks Geronimo Energy's second wind farm sale to Sempra U.S. Gas & Power. The previously sold Black Oak Getty Wind Farm, located in Stearns County, Minnesota, is currently under construction.
"Geronimo Energy is pleased to work with Sempra U.S. Gas & Power on a second wind farm project in the Midwestern United States," Blake Nixon, Geronimo Energy President said. "Sempra U.S. Gas & Power brings impressive wind energy construction and operating expertise and has an aligned mission with Geronimo Energy's farmer-friendly and community-focused approach."
"We are pleased to have the opportunity to acquire, build and operate the Apple Blossom wind project in the state of Michigan as it continues to position itself as a wind energy leader," said Kevin C. Sagara, president of renewables for Sempra U.S. Gas & Power. "The acquisition of the Apple Blossom wind project enables our company to continue to invest in the development, construction and operation of renewable energy infrastructure. We look forward to providing Michigan with a stable supply of clean, renewable energy and becoming a long-term partner with the local community through the development and operation of this project."
Apple Blossom is expected to begin construction the fall of 2016 and enter into operation in 2017.
About Geronimo Energy
Geronimo Energy is a utility-scale renewable energy development company headquartered in Minneapolis, Minnesota. Geronimo has developed multiple operating wind farms and solar projects throughout the United States. Collectively, over 1,600 megawatts of Geronimo-developed renewable energy projects are either operational or currently under construction. Geronimo has a multi-gigawatt development pipeline of wind and solar projects in various stages of development throughout the United States and provides custom renewable energy development solutions for utilities and corporations looking to harness renewable energy for business growth. For more information about Geronimo Energy, visit www.geronimoenergy.com.
About Sempra U.S. Gas & Power
Sempra U.S. Gas & Power, LLC is a leading developer of renewable energy and natural gas projects. For more information, visit www.SempraUSGP.com. Sempra U.S. Gas & Power is a subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 energy services holding company with 2015 revenues of $10 billion. The Sempra Energy companies' 17,000 employees serve more than 32 million consumers worldwide.
Contact: Lindsay T. Smith
Geronimo Energy
7650 Edinborough Way, Suite 725
Edina, MN 55435
Corporate: (952) 988-9000
SOURCE Geronimo Energy
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