Black Hills Energy, an electric utility subsidiary serving southern Colorado, announced that it closed on the purchase of the $109 million, 60-MW Peak View Wind Project.
The Peak View Wind Project is located about 40 miles south of Pueblo, Colorado, and was constructed by Invenergy Wind Development Colorado under a 2015 build-transfer agreement executed with Black Hills Energy (and through a competitive solicitation process).
Commercial operations will begin this week, nearly two months earlier than originally planned.
“The Peak View Wind Project will help provide customers with a cost-effective solution toward fulfillment of Colorado’s renewable energy requirement that 30% of customers’ electricity usage comes from renewable resources by 2020,” said Linn Evans, President and CEO of Black Hills Corp.
Black Hills Energy will recover its investment through customer billing adjustment clauses for the first 10 years of operation.
“We are proud to serve our southern Colorado customers with safe, reliable energy, fueled entirely by natural gas, wind, and solar,” added Evans.
Filed Under: News, Projects