Tuesday, 11 December 2012

NextEra buys 165MW Kansas wind project

4 Dec 2012

US utility NextEra Energy Resources has completed purchase of a 165MW wind project from CPV Renewable Energy, for an undisclosed price. The Cimarron I development is located in south-west Kansas and is expected to be operational by the end of this year. Once complete, it will consist of 72 turbines supplied by German technology giant Siemens.

Power produced at the site will be sold to the Tennessee Valley Authority under terms of a 20 year deal, with a subsidiary of NRG Energy will own and operate the plant. Armando Pimentel, president and CEO of NextEra Energy Resources, said, 'The addition of the Cimarron Wind Energy Center is consistent with our strategy to add fully-contracted clean energy projects to our portfolio.

'In addition to generating clean, emission-free energy, this project will have a positive impact on the local economy for years to come. With continued public policy support for wind power generation, we look forward to bringing the economic and environmental benefits of wind power to other communities across the nation.'

Sean Finnerty, senior vice president of renewable development at CPV, added, 'CPV is extremely pleased to have worked with NextEra Energy Resources on this transaction; a company that is leading the way increasing the amount of clean, renewable resources available to power our electricity-intensive lives.

'With excellent wind resources, an ideal location, a 20 year contract with a blue-chip off-taker, and dedicated firm transmission, Cimarron Wind Energy Center is a prime example of the type of clean energy project CPV is proud to develop.'