January 24, 2008 / 7:28 PM / 9 years ago

Dominion buys 50 pct stake in Indiana wind power project from BP

1 IN. DI LETTURA

Jan 24 (Reuters) - Dominion Resources Inc (D.N) said it bought a 50 percent interest in the Fowler Ridge Wind Farm in Indiana from BP Alternative Energy Inc (BP.L).

The Fowler Ridge facility is expected to be built in two phases and generate a total of 750 megawatts, Dominion said in a statement.

Dominion and BP are partners for 650 megawatts, with BP retaining sole ownership of 100 megawatts, Dominion said, adding it has entered into a long-term power purchase agreement for 200 megawatts. (Reporting by Sharangdhar Limaye in Bangalore; Editing by Deepak Kannan)

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