The Conti Group, a 100-year-old construction and engineering firm headquartered in New Jersey, announced the formation of Alternity Wind Power as an integrated developer of utility-scale wind-farm projects in North America. The spin-off will work with early stage wind project developers to engineer, construct and commission wind power operations across North America.
Alternity Wind Power currently is establishing partnerships with early stage wind project developers, landowners, turbine manufacturers, utilities and local communities to develop wind farms with capacities of 50 megawatts (MW) or greater. The firm plans to create a portfolio of more than 2,100 MW of wind power capacity in North America by 2012.
“Alternity Wind Power was founded with the idea of building ‘win/win’ relationships by providing early stage developers with the resources they need to bring their wind projects to completion,” said Jack Gelman, Alternity Wind Power President and CEO.
Alternity Wind Power is in the process of identifying partners with “construction ready” sites. Many smaller developers/owners of such sites with suitable wind resources, willing landowners and nearby transmission lines are seeking partners that can either help them complete development and begin construction on new projects or complete construction on projects already begun.
“We believe wind power has the potential to eventually supply up to 20 percent of U.S. electricity needs,” Gelman said.
Gelman noted that 26 states have already taken steps to enact Renewable Portfolio Standards (RPS) to increase the amount of power generated by renewable energy sources in their states, and that the Federal Production Tax Credit offers a 1.9 cent per kilowatt-hour incentive to wind power owners. EC