Wind energy project stake up for sale

Black Hills Energy-Colorado Electric, a unit of Black Hills Corp. (NYSE: BKH), received approval from the Colorado Public Utilities Commission (PUC) to build and own 50 percent of a planned 29 MW capacity wind project, an investment of $26.5 million. The utility plans to  solicit for ownership of the other half. Black Hills Energy will issue a request for proposals (RFP) no later than Aug. 15, 2011.

The 50 percent of the project subject to the RFP is owned by a wind developer and is subject to a Renewable Energy Purchase Agreement (REPA) with Black Hills Energy. If Black Hills Energy determines that a new REPA with more favorable terms is available based on proposals gathered during the upcoming solicitation process, then a replacement REPA may be executed no later than Jan. 1, 2012.

The project, planned for completion in late 2012, is expected to qualify for the U.S. Department of Treasury's section 1603 cashgrant program. It will include 16 Vestas wind turbines.

Read more wind energy news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...