Constellation Energy (CEG) to Acquire Criterion Wind Project in Garrett County, Md
Constellation Energy (NYSE: CEG) has signed an agreement with Clipper Windpower, Inc. to acquire the Criterion wind project in Garrett County, Md. The $140 million, 70-megawatt wind energy project would be developed, constructed, owned and operated by Constellation Energy. This new renewable energy resource would provide enough sustainable electricity to meet the annual equivalent usage of an estimated 23,000 households. It is one of several clean energy initiatives Constellation Energy has recently completed or proposed across Maryland.
Under terms of the agreement, Constellation Energy will purchase from Clipper Windpower the Criterion project and 28 of Clipper's 2.5-megawatt Liberty wind turbines. The Criterion project has received the necessary state approvals. Criterion's 2008 state application was the first to win approval under a 2007 state law promoting wind development in Maryland
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