New York (Vocus) September 26, 2007
The Conti Group, a 100 year-old diversified construction and engineering services firm, announced today the formation of Alternity Wind Power, LLC, as a late stage, integrated developer of utility-scale wind farm projects in North America. The spin-off will function with early stage wind project developers to engineer, construct and commission wind power operations across North America.
Alternity Wind Power presently is establishing partnerships with early stage wind project developers, landowners, turbine manufacturers, utilities and nearby communities to create wind farms with capacities of 50 MW or greater. The firm plans to create a portfolio of much more than 2100 MW of wind power capacity in North America by 2012.
Today, there is a void in the wind power marketplace: too couple of companies are willing to develop fair partnerships with early stage wind project developers, stated Jack Gelman, Alternity Wind Power President and CEO. That is where Alternity Wind Power comes in.
Alternity Wind Power was founded with the thought of creating win/win relationships, by offering early stage developers with the resources they need to bring their wind projects to completion.
As an integrated project developer, Alternity Wind Power will draw upon the engineering and construction expertise of its lead investor, The Conti Group. The Conti Groups project management heritage will allow Alternity Wind Power to drastically reduce the frictional expenses that result when various entities control the development and construction phases. In addition, as a turnkey contractor, Alternity Wind Power will make use of The Conti Groups expertise in project management best practices and value engineering to bring projects in under budget and ahead of schedule
A Powerful Partner
Alternity Wind Powers status as a turnkey late stage development and construction integrator positions it to be an superb partner for early stage developers who will benefit from the monetary, engineering, procurement, construction and commissioning expertise that Alternity Wind Power will bring to their projects.
Currently, developers of wind projects typically come up against obstacles that prevent them from moving their wind projects beyond the early stage, stated Gelman.
We intend to position ourselves as the preferred partner for these early stage developers, enabling them to move their projects ahead rapidly and efficiently.
In partnership with The Conti Group and other leading style, engineering and construction firms, Alternity Wind Power plans to function with early stage wind project developers to: