DTE Energy to buy Garden Peninsula wind farm
DTE Energy is planning to buy a wind farm on the Garden Peninsula.
Fairbanks Wind is one of three wind farms the Detroit-based utility is buying to help lower carbon emissions from the its operations.
Heritage Sustainable Energy, based in Traverse City, currently owns Fairbanks Wind. The 72 megawatt park was approved as part of DTE Energy's renewable energy plan, but the company says it may alternatively be used to support additional sales under the company's MIGreenPower program.
The Michigan Public Service Commission has granted conditional approval for the proposed purchase. The other two parks are in Isabella County.
Together, the three farms are expected to increase DTE Energy's renewable energy portfolio by nearly 50 percent. The utility says the projects will offset nearly 890,000 metric tons of carbon emissions annually.
DTE Energy Chief Executive Jerry Norcia says investing in renewable energy is a key part of the utility's commitment to reduce carbon emissions by at least 80% by 2040.