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October 2012 marked PensionDanmark’s first direct investment in U.S. wind power generation through an agreement with E.ON, one of the world’s largest utility companies.

The acquisition consisted of a 50 per cent share in a portfolio of three onshore wind farms in the U.S.:

  • Papalote Creek I (Texas), 180 MW, 109 Vestas turbines
  • Papalote Creek II (Texas), 200 MW, 87 Siemens turbines
  • Stony Creek (Pennsylvania), 53 MW, 35 General Electric turbines.

The wind farms’ output is sufficient to power 120,000 American homes. A large share of the production is sold under long-term power purchase agreements to a number of utility companies. RWE has acquired E.ON's North American renewables business and is the operator of the portfolio while retaining a 50 per cent stake.