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A consortium led by Akuo and composed of Harrison Street, Morgan Stanley, and GE Energy Financial Services (GE EFS) today announced financial close for Bennington Wind, a 93.06 MW onshore wind development project located approximately 100 miles (160 km) southwest of Chicago in Bennington Township in Marshall County, Illinois.
Situated in the eastern part of the Midcontinent Independent System Operator (MISO) regional transmission operator territory, the project will benefit from proximity to major population centers, an excellent wind resource, and limited grid congestion. GE Renewable Energy will supply thirty-three 2.82 MW turbines. Akuo will commence construction later this month, and the wind farm is projected to reach operational status in Q4 2021.
The project will produce enough electricity to power approximately 33,277 households and will offset the equivalent of 303,815 tons of carbon dioxide during each year of operation. This is the equivalent 9,114,441 tons of avoided carbon emissions over project’s 30 year life. The project has been in development by Akuo since 2016.
The Bennington Wind project marks Harrison Street’s fourth investment in a U.S. wind farm and the first with Akuo.
“With this project, Akuo continues to be a partner of choice for firms interested in the direct purchase of renewable energy to combat carbon emissions and climate change,” says Eric Scotto, CEO Akuo. “Akuo is honored to be chosen by Morgan Stanley to play crucial part in meeting their sustainability goals. This is the 10th deal worldwide completed by Akuo with a corporate buyer