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NorthWestern Energy Signs Memorandum of Understanding with Invenergy Wind
NorthWestern Energy http://www.northwesternenergy.com has signed a memorandum of understanding to purchase a 24-megawatt wind project in north central Montana to be developed and constructed by Invenergy Wind Development Montana, LLC http://www.invenergyllc.com , a wholly-owned subsidiary of Invenergy Wind LLC ("Invenergy").
The project, which was submitted to NorthWestern in response to a 2009 community renewable resource solicitation, is consistent with recent Montana legislation that provides for the reintegration of the utility. The project is to be built on a portion of Invenergy’s proposed 200 megawatt Big Otter Wind Energy Project site near Belt, Montana. It is intended to be placed into the Montana utility’s rate base, with both the energy and associated renewable energy credits used to meet future renewable portfolio standard obligations.
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