Sempra Unit Buys Hawaii Wind Farm From Royal Dutch Shell Unit
16 October 2009 - 7:16AM
Dow Jones News
Sempra Energy's (SRE) merchant generation unit said Thursday it
bought a 22-megawatt wind farm under development in Hawaii from a
unit of Royal Dutch Shell PLC (RDSB, RDSB.LN).
The wind farm, called Auwahi Wind Energy project, is planned for
construction on the island of Maui and will include a battery
storage system where up to 28 megawatt-hours of electricity could
be stored for later use. Sempra said it could begin construction on
the project in 2011 and start commercial operations in 2012.
Sempra has applied to the U.S. Department of Energy for stimulus
funds to help pay for an expansion of the battery storage component
to more than double its storage capacity.
Shell WindEnergy Inc. sold the Hawaii project to focus on its
renewable energy projects on the U.S. mainland and in Canada, Dick
Williams, the unit's president, said in a statement. The company
has eight U.S. wind farms with combined generating capacity of
almost 900 megawatts, he said.
Maui aims to use renewable sources for 95% of the power the
island uses as part of Hawaii's renewable energy initiative.
In addition to the Maui wind project, Sempra Generation recently
announced that it took a 50% stake in a 200-megawatt wind farm in
Indiana being developed by BP PLC's (BP) wind energy unit. Sempra
is also working to complete a 100-megawatt wind farm in Baja
California, Mexico by 2012, and plans to start construction soon on
a 48-megawatt solar farm near Las Vegas.
Shares of Sempra were recently trading up 9 cents, or 0.2%, at
$52.77.
-By Cassandra Sweet, Dow Jones Newswires; 415-439-6468;
cassandra.sweet@dowjones.com