Source: Duke Energy
For the second time in a month, Duke Energy (NYSE:DUK) has announced plans to build a large-scale wind farm in Kansas.
Duke Energy Renewables, a commercial business unit of Duke Energy, will build, own and operate the 131-megawatt (MW) Cimarron II Windpower Project in Gray County – approximately 200 miles west of Wichita. The company purchased the fully developed and contracted wind power project from Silver Spring, Md.-based CPV Renewable Energy Company. Project acquisition terms were not disclosed. CPV will continue to own the first phase of the wind project – Cimarron I.
Kansas City Power & Light will purchase all of the electricity and associated renewable energy credits produced by Cimarron II under the terms of a 20-year agreement (originally announced by CPV and KCP&L in May). Duke Energy Renewables plans to start construction of the Cimarron II Windpower Project in the fall of 2011 and achieve commercial operation by June 2012. The wind farm, which will be sited on 16,000 acres of leased farmland, will be capable of generating enough electricity to power nearly 40,000 homes.
"Duke Energy Renewables is pleased to acquire this high-quality wind power project from CPV Renewable Energy and looks forward to helping Kansas City Power & Light deliver zero-emission electricity to its customers," said Duke Energy Renewables Senior Vice President Tony Dorazio.
"CPV Renewable Energy Company has teamed up with Duke Energy Renewables to ensure Cimarron II meets the needs of Kansas City Power & Light's customers," said CPV Renewable Energy Co. Senior Vice President Sean Finnerty. "The project will bring significant benefits locally and to the citizens of Kansas."
Duke Energy Renewables owns nearly 1,000 MW of generating capacity at nine U.S. wind farms – four in Wyoming, three in Texas, one in Colorado and one in Pennsylvania. The company announced plans to build the 168-MW Ironwood Windpower Project in Ford County, Kan., on May 24, and an agreement to purchase the 20-MW Shirley Windpower Project in Glenmore, Wis., on May 26. Since 2007, Duke Energy has invested more than $1.5 billion to grow its commercial wind and solar power businesses.
"In just the last month, Duke Energy has announced plans to add three more wind farms to its commercial portfolio of renewable energy assets," said Duke Energy Renewables President Greg Wolf. "These projects will bring Duke Energy's wind-generated capacity to approximately 1,300 megawatts – enough to power nearly 400,000 homes."
Duke Energy to build second wind farm in Kansas
Source: Duke Energy