Financial News
CPV Renewables Begins Construction on Wind Project in Pennsylvania, CPV’s Third Project Utilizing Former Coal Mine Land
--News Direct--
Today Competitive Power Ventures’ (CPV) affiliate, CPV Renewable Power (CPV Renewables) announced the start of construction for CPV Rogue’s Wind in Pennsylvania. The 114 MW wind project, stretching across Cambria and Clearfield Counties, will be CPV’s third project that repurposes former coal mine land into a new source of renewable energy.
Upon completion, it will become CPV’s third operating project in Cambria County following CPV Maple Hill Solar and the CPV Fairview Energy Center.
“The Commonwealth of Pennsylvania has consistently been a strong state to do business in with CPV Fairview coming online in 2019 and CPV Maple Hill, the state’s largest solar project at the time, following in 2023,” said Gary Lambert, CEO of CPV. “With construction beginning on CPV Rogue’s Wind, we will soon be able to showcase all three types of generation in our operating portfolio; a testament to how we at CPV envision a reliable, low carbon electric supply needed to drive a responsible energy transition forward.”
“CPV Rogue’s Wind highlights our commitment to developing in energy communities where we can have a positive impact. As our third project where we revitalize former coal mine land, we can show how brownfield development helps to bring vital resources to areas that need it most,” said Sean Finnerty, President of CPV Renewables. “At the end of the day, we want to play an active role in the region alongside our community partners while bringing a clean energy source to Pennsylvania’s electricity customers.”
CPV Rogue’s Wind is the first project tied to the company’s recent partnership announcement with Harrison Street, one of the leading investment management firms exclusively focused on alternative real assets with approximately $55 billion in assets under management. The partnership, in which Harrison Street acquired one-third of CPV Renewables, will support an accelerated build out of the 4 GW renewable development pipeline.
“The construction of CPV Rogue’s Wind is an important milestone in our long-term partnership with CPV Renewables,” said Carolyn Arida, Senior Managing Director at Harrison Street. “This project exemplifies our commitment to sustainable infrastructure, and we look forward to building on this success and continuing our collaboration with CPV to deliver innovative renewable energy projects across the country.”
CPV Rogue’s Wind will consist of 19 Vestas V-162 wind turbines and, once complete, will deliver enough electricity to the grid to support approximately 32,000 households. At the same time, the reduction in CO2 emissions annually is equivalent to taking approximately 28,400 cars off the road.
A Focus on Land Revitalization & Community Engagement
With CPV’s commitment to targeting Energy Communities, CPV Rogue’s Wind will repurpose the former coal mine land while working alongside the active recreational area, generate new revenue for the local municipalities, and create hundreds of jobs throughout the construction process.
“With CPV at the helm of the Rogue’s Wind renewable energy project, the Cambria County Conservation and Recreation Authority, after more than 15 years of hope, is finally converting a long-standing dream to a reality,” said Tom Kakabar, Chair of the Cambria County Conservation and Recreation Authority. “The professional team at CPV has been a true partner and has pitched another ‘perfect game win’ for renewable energy development within Cambia County. Kudos to the CPV team.”
CPV Rogue’s Wind will also act as an educational experience for patrons of the nearby Rock Run Recreation Area. The recreational park allows outdoor enthusiasts to explore over 140 miles of trails, some bringing them to the base of the project’s turbines.
“By partnering with CPV and the Cambria County Conservation Authority, we are bringing in much needed revenue to the Cambria County Recreation Authority, The Township, and Rock Run while providing clean energy to the region,” said Gary Haluska, Chairman of Rock Run’s Board of Directors.
CPV Rogue’s Wind is expected to reach commercial operation in 2026. The project is part of the company’s 10 GW pipeline of renewable and dispatchable generation projects, including utility-scale power generation with carbon capture to help the U.S. meet its decarbonization goals.
About CPV
CPV Group LP, a partnership majority owned by OPC Energy Ltd., has 25 years of unprecedented success in the development and operation of highly efficient and low emitting electric generation and renewable projects in the United States. CPV is focused on applying its development, financial and project management expertise to advance the next generation of technologies. After bringing on 5.3 GW of natural gas, wind, and solar generation since 2010 and with a current pipeline of over 10 GW of renewable and dispatchable generation projects, including utility-scale carbon capture, CPV is well positioned to help drive the nation’s decarbonization goals forward. For more information: please visit www.cpv.com and follow CPV on LinkedIn.
About OPC Energy
OPC Energy Ltd. (OPCE:Tel Aviv), is an energy company leading the Energy Transition revolution in Israel and the USA, and provides electricity in an efficient, reliable and environmentally friendly manner while combining solar energy, wind and natural gas with high efficiency. In Israel, OPC is the first and leading private electricity producer, offering its customers an integrated energy solution that includes the supply of all energy needs through the company's production sites and in the customer's yard using natural gas and solar energy, as well as charging electric vehicles. In the USA, the company operates through the CPV Group, which supplies electricity using efficient natural gas and wind energy, and also builds and develops Powerhouse using natural gas, natural gas with reduced emissions, as well as solar and wind energy. For more information: please visit www.opc-energy.com/en
About Harrison Street
Harrison Street is one of the leading investment management firms exclusively focused on alternative real assets. Since inception in 2005, the firm has created a series of differentiated investment solutions focused on demographic-driven, needs-based assets. The Firm has invested across senior housing, student housing, build-to-rent, healthcare delivery, life sciences and storage real estate as well as social, utility and digital infrastructure. Headquartered in Chicago and London, with offices throughout North America, Europe and Asia, the Firm has more than 280-employees and approximately US $55 billion in assets under management on behalf of institutional investors across the globe. Harrison Street was awarded Best Places to Work by Pensions & Investments for nine years (2014-2020, 2022, 2023) and since 2019 has won 15 awards from PERE, including three for the 2023 Awards: Alternatives Investor of the Year – Global, Data Centers Investor of the Year – North America, and ESG Firm of the Year - North America. For more information, please visit www.harrisonst.com. (Assets under management ("AUM") reflects AUM for the Firm’s investment advisory and asset management clients, and is inclusive of the Firm’s regulatory AUM reported in its Form ADV.)
Contact Details
Competitive Power Ventures
Sam Loftus
+1 617-347-8094
Company Website
View source version on newsdirect.com: https://newsdirect.com/news/cpv-renewables-begins-construction-on-wind-project-in-pennsylvania-cpvs-third-project-utilizing-former-coal-mine-land-442592696
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