Geronimo took steps to qualify Green River under the production tax credit (PTC), which expired on 31 December 2013, immediately following the acquisition.
Green River project, which is a 225MW wind farm development, had been commissioned in 2009, with the acquisition of two transmission queue positions from FPC Services.
Geronimo is already engaged in the development of 210MW Walnut Ridge project, located adjacent to the Green River project.
Geronimo Energy president Blake Nixon said the acquisition benefits all interested parties.
"It gives Geronimo flexibility and scalability when speaking with power purchasers – and it means the local communities have one point of contact, which keeps communication very simple," Nixon added.
Mainstream Renewable Power North America development and operations president Matt Boss said, "Geronimo Energy’s agricultural roots, combined with their regional development experience and financial backing, makes them an ideal partner in moving Green River to construction."
Image: Geronimo Energy has acquired Green River wind farm in North Central Illinois. Photo: Courtesy of dan/ FreeDigitalPhotos.net.
