Cannon Gets $547M in Wind Energy Deal

9/12/10Follow @bvbigelow

The Cannon Power Group, a Del Mar, CA-based wind power developer, said it has closed a $547 million deal to provide electricity for 20 years to the Southern California Public Power Authority (SCPPA), a group of municipal utilities throughout the Los Angeles region. Cannon says the deal is believed to be the largest transaction of its kind. Under terms of the deal, electricity for the Los Angeles Department of Water and Power and other SCPPA members will be generated by Cannon Power Group’s 262-megawatt Windy Flats project, which overlooks the Columbia River near Goldendale, WA.

Bruce V. Bigelow is the editor of Xconomy San Diego. You can e-mail him at bbigelow@xconomy.com or call (619) 669-8788 Follow @bvbigelow

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