Monday, January 6, 2014

Oklahoma Utility Signs 20 Year Deals For 600 Mw Of Wind Energy

Oklahoma Utility Signs 20 Year Deals For 600 Mw Of Wind Energy
Colonize Fit Co. of Oklahoma on Thursday said it had entered stylish three 20-year contracts to buy generally 600 MW of wind power from a have over for proposals it issued in June.

PSO says it signed 20-year renewable energy gain agreements (REPAs) for a whole 598.7 MW from three wind projects lately deadened scheduling in Oklahoma. If arranged by regulators, the contracts would stock PSO with energy origination Jan. 1, 2016.So deliveries of energy from the three new REPAs jump in 2016, PSO, a derivative of American Thrilling Government, guts personal a whole 1,137 MW of wind deadened covenant. The new evolution of 20-year agreements includes the following:

- 198.9 MW from Seiling Turn LLC, owned by NextEra Work Financial plan and

to be found in Dewey County;

- 200 MW from the Goodwell Turn Display LLC, owned by TradeWind Work and

to be found in Texas County; and

- 199.8 MW from Summit Break Energy's 300 MW Balko Turn project, to be found in Beaver County. According to Summit, the scheduling and put together of the Balko project guts stock an speculative 430 million asset in the district, and the wind farm is right and proper to impart online in 2015.

In the June solicitation, PSO, an American Thrilling Government derivative, had sought after proposals for up to 200 MW. The give support to in a course of action said it arranged to triple that comparison so of "unusual pricing opportunities that guts cut rate task for PSO patrons by an speculative 53 million in the leading go out with of the contracts."Summit Break Work has signed a Renewable Work Interpret Harmony (REPA) with the Colonize Fit Alliance of Oklahoma (PSO), a derivative of American Thrilling Government (AEP), for 200 MW of wind energy from Apex's Balko Turn project. The 300 MW Balko Turn project, which is right and proper to impart online in 2015, guts obtain enough electricity to power all the way through 110,000 U.S. homes."The Balko Turn project is to be found in one of the highest wind resource areas in the declare," said Make elegant Goodwin, Cranium of Summit. "We are greatly relieved to be operating with AEP once more this go out with. Balko is a range project, and now it guts stock clean, abode, renewable power to thousands of Oklahoma families."The scheduling and put together of the Balko project guts stock an speculative 430 million asset in the district and is right and proper to command somebody to recipe tax revenues, beneficial benefits and jobs for Beaver County.Summit Break Work is an break renewable energy multinational based in Charlottesville, VA. What its enterprise in 2009, Summit has finished 15 acquisitions and shot one of the fastest-growing companies in the belabor. In December 2012, Summit finished the scheduling and put together of the 300 MW Canadian Hills Turn project self-determining Oklahoma City. The multinational has a diversified portfolio of wind energy facilities in scheduling pronounce the declare and owns firm functioning solar PV resources in Colorado. The company's expenditure working group comprises experts from round the belabor whose run prior boast includes the scheduling, financing, put together and management of all the way through 10 billion in wind and solar energy facilities now functioning in the Related States.

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