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updated: 1/2/2013 8:46 AM

Algonquin buys 109.5-Megawatt Illinois wind farm from Goldwind

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Bloomberg News

Algonquin Power & Utilities Corp., a Canadian renewable-energy producer, purchased a 109.5-megawatt wind farm in Illinois from China's Xinjiang Goldwind Science & Technology Co.

Algonquin paid $148.9 million for the Shady Oaks project about 50 miles west of Chicago, the Oakville, Canada-based company said in a statement today.

Shady Oaks was completed in June and is selling electricity to Exelon Corp.'s Commonwealth Edison under a 20-year contract. Goldwind will be responsible for operating the plant.

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