New Wind Farms Get $1 Billion Boost from BP, Sempra (BP, SRE, GE)

Photo of Paul Ausick
By Paul Ausick Published

Units of two of the country’s largest energy companies, BP plc (NYSE: BP) and Sempra Energy (NYSE: SRE) have announced a joint investment of more than $1 billion in two new wind farms in Pennsylvania and Kansas. Both plants will use turbines from General Electric Co. (NYSE: GE), and each will be the largest wind farm in its respective state.

The Kansas plant, Flat Ridge 2, will generate 419 megawatts, and has three power purchase agreements in place to buy the renewable power. During construction the project is expected to create about 500 jobs.

The Mehoopany plant in Pennsylvania will generate up to 141 megawatts and the plant has sold all its power to two utilities. The project is expected to employ about 250 workers during construction.

Both plants are scheduled for completion by the end of this year. The companies did not give an estimate of full-time permanent jobs created.

Contact [email protected] for any questions or corrections.

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

ABNB Vol: 15,913,532
MCHP Vol: 19,139,274
PLTR Vol: 77,244,625
MRNA Vol: 6,820,582
AXON Vol: 1,591,869

Top Losing Stocks

TTD Vol: 133,458,224
CTRA Vol: 73,319,495
AKAM Vol: 8,143,961
ZTS Vol: 12,784,553
RMD Vol: 3,810,438