EDP Renewables, and it's company in the US – Horizon Wind, are planning to invest uSD 4 billion in wind farms in the United States over the next 3 years. An investment of this magnitude is expected to create thousands of new jobs in development, construction and operations. Equipment to be installed in the new wind farms is to be manufactured and assembled in the US as well, thus bringing even more business to the US wind energy sector.
The company has already installed about 800 MW during 2009, representing more than USD 1.5 billion in investments, and the plan is to build even further upon this achievement.
EDP Renewables has positively commented on the US Government's obvious commitment towards developing renewable energy in the country. Numerous grants and programs have been introduced, helping renewable energy developers execute projects that will bring benefits to the country. Horizon Wind has received funding for wind projects from the 1603 Plan, part of the US Recovery and Reinvestment Act.
Horizon Wind is planning to dedicate the first phase of the Meadow Lake wind farm in Indiana – a 199.65 MW project, representing an investment of more than USD 400 million. The second phase of this project is already in construction since September this year, which was accelerated with funding received from 1603 for a previous project.
[source: Horizon Wind]