Fred. Olsen to acquire 20-MW US offshore wind project – report

CLEVELAND, Ohio — A Norwegian wind farm developer with experience in the North Sea will build the $120 million pilot wind farm planned for Lake Erie.

Fred.Olsen Renewables, the largest independent power producer in the United Kingdom and the fifth largest in Europe, has already partnered with the non-profit Lake Erie Energy Development Co., or LEEDCo.

The two companies have signed an agreement that Fred.Olsen will buy LEEDCo’s research assets early next year, said Lorry Wagner, LEEDCo president. He declined, at this time, to reveal the selling price. Cleveland Plain Dealer Story Here

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