Edison Mission Energy (EME), a subsidiary of Edison International (NYSE:EIX) and Nebraska Public Power District (NPPD) came together this week with local officials to dedicate the Broken Bow wind power project in Custer County, Nebraska.
The $145 million wind project will be operated by EME and is capable of generating up to 80 megawatts (MW) of electricity. All of the power produced by Broken Bow will be sold to NPPD under a 20-year power purchase agreement. The project is targeted to begin commercial operations within the next several weeks.
Construction of Broken Bow is taking approximately one year to complete. During its peak construction phase, the project employed approximately 100 individuals at the site. During construction, the project contributed approximately $5.6 million to the state in sales tax revenues.
The wind farm will provide average annual tax revenues of approximately $600,000 over the next 25 years in property taxes and state income taxes. In addition, Broken Bow will generate an average of $540,000 per year in lease royalties to local landowners. Operations at the wind farm will provide seven permanent jobs in the Broken Bow area.
EME President Pedro Pizarro presented a $20,000 donation to Broken Bow School Superintendent Mark Sievering in support of the Broken Bow Public Schools Foundation's capital campaign for the North Park Elementary gymnasium improvements.
The facility is powered by 50 wind turbines, each capable of producing 1.6 MW of power at peak output. The turbines are mounted on 80-meter high towers. The wind farm site occupies approximately 14,000 acres of land.
EME is the sixth largest operator of wind energy projects in the U.S. and the largest in Nebraska.