Constellation Energy (CEG) announced it has signed an agreement with Clipper Windpower Inc. to acquire the Criterion wind project in Garrett County, Md. The $140 million, 70-megawatt wind energy project would be developed, constructed, owned and operated by Constellation Energy. This new renewable energy resource would provide enough sustainable electricity to meet the annual equivalent usage of an estimated 23,000 households.
Under terms of the agreement, Constellation Energy will purchase from Clipper Windpower the Criterion project and 28 of Clipper's 2.5-megawatt Liberty wind turbines. The Criterion project has received the necessary state approvals. Criterion's 2008 state application was the first to win approval under a 2007 state law promoting wind development in Maryland.
The Constellation Energy-Clipper Windpower agreement, which is subject to certain terms and conditions, is expected to close in the first quarter of 2010. Commercial operation of the wind energy facility is anticipated in the fall of 2010.
The Criterion project has entered into a 20-year power purchase agreement with the Old Dominion Electric Cooperative for energy and renewable energy credits produced by the wind facility.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.