WPS, enXco close acquisition and sale agreement for wind farm in Iowa
enXco will build the wind farm and turn it over to Wisconsin Public Service Corporation (WPS) in a turnkey transaction. The two companies earlier reached an agreement in which WPS will contract with enXco Service to operate and provide maintenance for the 66 turbines, including 24/7 remote monitoring from their operations control center located in Chandler, Minnesota. The wind farm is expected to be operational in late December 2009, helping WPS reach its state-mandated renewable portfolio standard target of generating 10% of its retail electrical sales with renewable power by 2015. Conrad Weis, project manager for WPS, said: "enXco has met the requirements paving the way for the real estate transaction to close, and we are pleased that we're able to enter the construction phase of the project early in 2009."