Horizon Wind Energy ’s Blue Canyon V wind farm is a 99 MW expansion of a 225-megawatt wind farm near the small towns of Lawton and Elgin in southwest Oklahoma. Horizon is owned by owned by EDP Renewables.

In operation since last month, this project was built with GE 1.5-megawatt turbines and supplies its power to the Public Service Company of Oklahoma under a 20-year contract.

Horizon estimates that this project can generate enough energy to power approximately 30,000 homes and avoid approximately 240,000 tonnes a year in greenhouse gas emissions. The utility-scale wind farm receives a production tax credit, an income tax credit for each kilowatt-hour of electricity produced.

In addition to Blue Canyon, GE Energy Financial Services invested $111m to join a previously closed transaction, Vento III, which consists of three wind farms, generating a total 604MW: Rattlesnake Road (103 MW), in Oregon; Meridian Way (201 MW), in north central Kansas; and Pioneer Prairie (300 MW), in northeastern Iowa.

GE Energy Financial Services and Horizon had also partnered in January 2008, when the GE unit invested $300m in a 600 MW portfolio of Horizon Wind Energy’s projects spanning four US states.

Wind makes up nearly 80% of GE Energy Financial Services’ more than $4bn renewable energy portfolio. The company plans to expand its renewable energy portfolio to $6bn by the end of 2010, including investments in wind, solar, biomass, hydroelectric and geothermal power generation projects.

EDP Renewables recently announced it will devote about $4bn to building new wind farms in the US through 2012.

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