GE GE Aerospace

   By Colin Kellaher 
 

Portland General Electric Co. (POR) and NextEra Energy Inc. (NEE) on Wednesday said they will build a new energy facility in eastern Oregon that will co-locate and integrate wind and solar generation and battery storage.

The companies said the project, called the Wheatridge Renewable Energy Facility, will combine 300 megawatts of wind generation, 50 megawatts of solar generation and 30 megawatts of battery storage.

Portland General will own 100 megawatts of the wind project, while NextEra, which will build and operate the facility, will own the balance of the project and sell its output to Portland General under 30-year power purchase agreements, the companies said.

Portland General said it expects to invest about $160 million for its owned portion of the project.

Wheatridge will be powered by 120 wind turbines made by General Electric Co.'s (GE) GE Renewable Energy Inc. unit. The companies said the facility's wind component will be operational by December 2020, with construction of the solar and battery components planned for 2021.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

February 13, 2019 06:51 ET (11:51 GMT)

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