星期一, 14 7 月, 2025
Home PV News Wind energy project stake up for sale

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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

India will add 8,500 MWh of storage within the next two years

India Central Electricity Authority Chairperson Ghanshyam Prasad said on Wednesday that 3,300 MW of Battery Energy Storage System (BESS) projects are in the pipeline...

Coal giant snaps up solar thermal project in landmark deal for long duration storage technology

AGL, Australia’s biggest coal generator, has snapped up a newly approved solar thermal project in South Australia, adding to its options for long duration...

Al Kharsaah: A Pioneering Solar Power Plant in Qatar

Located 80 km west of Qatar's capital, Doha, the Al Kharsaah Solar PV Independent Power Producer (IPP) project is the country's first large-scale solar...

OMV Petrom Buys 50 Pct Stake in Gabare Solar Project

OMV Petrom S.A. has acquired a 50 percent stake in the Gabare solar project from Enery Element, a large-scale project in Byala Slatina, near...