Independent energy project developer Tenaska and electric infrastructure company Bright Canyon Energy said Wednesday Bright Canyon has acquired ownership interests in two Tenaska-developed wind farms, Kallanish Energy reports.
The transaction includes the purchase of indirect minority interests in both Tenaska Clear Creek Wind LLC, owner of Tenaska Clear Creek Energy Center in Missouri, and Nobles 2 Power Partners, owner of the Nobles 2 wind farm in Minnesota.
Both projects are under construction and are expected to be fully operational in 2020.
“We have found a strong partner for these valuable wind assets in Bright Canyon,” said Dave Kirkwood, Tenaska senior vice president of Finance. “These projects are well positioned, having long-term power purchase agreements … .”
The 242-megawatt Tenaska Clear Creek wind farm is located in Nodaway County, northwest Missouri. When complete, Tenaska Clear Creek will provide renewable power for Associated Electric Cooperative Inc., a power generation/transmission cooperative based in Springfield, Missouri, that provides wholesale power to six regional cooperatives and 51 local cooperative systems in Missouri, southeast Iowa and northeast Oklahoma which serve 910,000 members.
Construction of the 250 MW Nobles 2 wind farm, located in Nobles County, Minnesota, began in August 2019. When complete, the wind farm will deliver power under a 20-year power purchase agreement to Minnesota Power, a utility division of Allete.
“These projects also provide an opportunity to gain experience in the construction, ownership and operation of large-scale wind operations and support our strategy focused on a clean energy future,” said Jim Hatfield, Pinnacle West executive vice president and chief financial officer. Bright Canyon is a subsidiary of Pinnacle West.
Bright Canyon indirectly owns 9.9% interest in Tenaska Clear Creek Wind LLC and a 5.1% interest in Nobles 2 Power Partners, LLC. In addition to Bright Canyon and Tenaska, Allete holds an ownership interest in Nobles 2 Power Partners LLC.
This post appeared first on Kallanish Energy News.