(Bloomberg) — D.E. Shaw & Co., a $34 billion hedge fund,
purchased a 300-megawatt wind farm from Apex Clean Energy Inc.
for an undisclosed sum.
The Balko wind farm in Beaver County, Oklahoma, is expected
to begin producing power later this year, New York-based D.E.
Shaw said today in a statement. Apex began developing the
project in 2009.
The Public Service Company of Oklahoma and Western Farmers
Electric Cooperative have agreed to buy power from the Balko
wind farm under long-term contracts.
The project is using 162 1.85-megawatt General Electric Co.
turbines and will produce enough electricity for about 111,000
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Robin Saponar, Jim Efstathiou Jr.