Geronimo Energy acquires 220MW Green River wind farm in US

Geronimo Energy has acquired the 220MW Green River wind farm in North Central Illinois, US, from Ireland-based Mainstream Renewable Power.

After completion of the transaction process, Geronimo Energy had taken steps to qualify the Green River project under the Production Tax Credit (PTC) that expired on 31 December 2013.

Although the PTC expired at the end of 2013, the project will still be eligible to receive tax credits under the PTC for upwards of 10 years.
The same steps had also been taken by the company for Green River’s sister farm, Walnut Ridge.

The company’s 210 MW Walnut Ridge wind power project, located adjacent to the Green River project, is already at the advanced stages of development.

According to Geronimo Energy, the Walnut Ridge and Green River wind farms together represent up to 435MW of clean wind energy.

Geronimo Energy president Blake Nixon said the acquisition would bring benefits to 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.

"We feel that having two projects side by side in such a desirable market as Illinois strengthens the prospects for both developments."

Geronimo has built three active wind farms in Minnesota, US, and has a pipeline of wind and solar projects in various stages of development across the US.