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Portland GE agrees to build a $400 million wind energy plant

Portland General Electric and NextEra Energy Resources, a unit of NextEra Energy, agreed to build a 311 MW wind energy facility, which will be part of the larger Clearwater Wind development in eastern Montana.

PGE will own 208 MW of the 311 MW being acquired in these agreements, with an investment of around $415 million. Units of NextEra Energy Resources will own the remaining 103 MW and sell their portion of the output to PGE under a 30-year purchased power agreement (PPA).

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