Liberty and JPMorgan Chase collaborate on 108MW wind project in Illinois

Liberty and JPMorgan Chase collaborate on 108MW wind project in Illinois

09 Sep 2021

Liberty, a subsidiary of Algonquin Power & Utilities Corp., is collaborating with JPMorgan Chase on the 108 MW Shady Oaks II wind project. It is expected to bring nearly 350,000 MWh of clean energy to the U.S. grid each year.

JPMorgan Chase will purchase approximately 70% of the energy output of the wind farms, which will serve as the largest contribution to date towards JPMorgan’s 100% renewable energy commitment, providing approximately 14% of its global power needs.

The 22-wind turbines Shady Oaks II project, located in Lee County, Illinois, represents an important opportunity to offset greenhouse gas emissions, help advance the transition to a low-carbon economy, and promote the growth of the clean energy footprint of Illinois.

The wind farm is expected to generate enough energy each year to power the equivalent of 32,800 American homes; inject funds into the community by supporting local landowners; and to contribute up to US$1.2m in property tax revenues for the local county per year.

Located about 50 miles west of Chicago, the construction of Shady Oaks II began in May of this year.

For more information, please visit EICDataStream.

Read more from Industry News
Africa Oil and partners submit FDP draft for Project Oil Kenya
Read More
Vysus Group announces new services for submarine cable installations
Read More
Grenergy signs PPA for its 150MW solar farm in Cuenca
Read More

Newsletter Sign Up

As a non-member, you can sign up for the EICOnline weekly bulletin free of charge. EIC Online delivers industry news direct to your mailbox. Subscribe here for the EIC’s free weekly newsletter.

First Name
Last Name
Company Name
Work Email
Job Title
Areas of Interest