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AES Corporation has announced it is making an equity investment in US Wind Force, LLC as its first step into the U.S. wind market. US Wind Force is a private company that focuses on developing wind energy projects in the fast-growing eastern U.S. US Wind Force, an independent, privately held developer of wind energy projects, has projects underway in West Virginia, Maryland and Pennsylvania. The company focuses on the fast-growing, largely untapped East Coast renewable energy market, which is expected to triple over the next 10 years. US Wind Force handles all aspects of wind farm development, including site selection and leasing, data collection and surveying of sites, wind turbine selection, permitting, transmission grid interconnection and project construction management.
"We see a lot of potential in wind as a new and expanding source of electricity here in the U.S.," said AES President and Chief Executive Officer Paul Hanrahan. "It provides a good opportunity for AES to enter the U.S. wind energy sector in the highly attractive East Coast market through a company that has good sites, a good market and a good management team."
US Wind Force has more than 1200 MW of wind development assets in various stages of development. Sites permitted or under development in the eastern U.S. include Mt. Storm and Liberty Gap in West Virginia, Dans Mountain and Savage Mountain in Maryland, and Brothers Mountain and Bent Tree in Pennsylvania. The company is currently accepting proposals and negotiating power off-take contracts for the first three Mid-Atlantic projects in its project portfolio. All three of these projects could be slated for construction as early as 2005.
US Wind Force is seeing strong demand in the newly developing renewable energy market on the on the U.S. East Coast and predicts a high level of sustained growth over the next ten years. The U.S. ranks second in the world in wind-driven capacity with more than 6,200 MW. Over the next ten years, wind generating capacity is expected to exceed 10,000 MW in the Northeast U.S. alone.
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