Located in central Michigan, the Deerfield wind farm is being constructed on approximately 20,000 acres of land leased from a supportive wind power land owner group.
Featuring 44 Vestas V110-2.0 wind turbines and 28 Vestas V110-2.2 turbines, the power plant is designed to generate 555.2 GW-hrs of power per year.
About 114MW of power generated from the Deerfield facility will be sold to Wolverine Power Supply, a local electric distribution utility serving approximately 260,000 customers in Michigan, under a 20-year power purchase agreement (PPA).
Wolverine president and CEO Eric Baker earlier said: "This PPA not only positions Wolverine and its members to meet Michigan’s Renewable Portfolio Standard requirement of 10% renewable power supply by 2015, it also further diversifies Wolverine’s overall energy portfolio."
The project is expected to create up to 200 jobs during construction phase and up to six permanent jobs upon completion scheduled by 31 December 2016.
Algonquin Power & Utilities CEO Ian Robertson said: "This project demonstrates our capacity to create long term shareholder value through investments in renewable energy generation projects."
Algonquin expects the total cost of the project to be approximately $303m.
The joint venture is expected to provide non-recourse project financing including tax equity of approximately $151m.
The project is planned to commence power generation at the end of 2016 and subsequently reach full capacity in 2017.
