The South Dakota Public Utilities Commission (PUC) has approved the construction permit for Prevailing Wind Park, a 219.6-MW wind energy facility in Bon Homme, Charles Mix and Hutchinson counties in southeastern South Dakota. The action came at an ad hoc commiPUC staff. Prevailing Winds proposed more than 40 conditions that address issues such as road…
Ullico invests in 70 wind and solar projects, totaling 1.3 GW of renewable energy
Ullico announced that it has agreed to invest in a portfolio of over 70 solar and wind power generation projects located all over the United States and owned by affiliates of Alberta Investment Management Corporation (AIMCo) and The AES Corporation (AES), who will retain a majority stake in the portfolio. The wind and solar farms…
sPower closes $498.7 million bond deal
sPower, a renewable energy Independent Power Producer, recently closed a $498.7 million, investment grade, private placement financing. The financed portfolio represents approximately half of sPower’s 1.3 GW of operating portfolio. This financing follows sPower’s $421.4 million debt issuance against approximately 565 MW of utility-scale wind and solar assets in 2017 (a transaction that received Project Finance…
sPower signs 30-year PPA for South Dakota wind farm
sPower, a renewable energy Independent Power Producer (IPP), announced that it has executed a 30-year Power Purchase Agreement (PPA) for its Prevailing Wind Park Project in South Dakota. The electricity generated by the project will be sold to a utility under a 30-year PPA. The project is a 220-MW wind farm located in Charles Mix,…
sPower closes bond deal for 565 MW of wind & solar
sPower, a renewable energy Independent Power Producer, recently closed a $421.4 million private placement financing on a portfolio of approximately 565 MW of utility-scale wind and solar assets. The financed portfolio represents approximately 44% of sPower’s 1.3 GW operating portfolio. In December 2017, the transaction was awarded 2017 “Deal of the Year” by Project Finance International for its…
sPower makes wind-turbine purchase from Vestas
sPower has placed an order with Vestas, in a first-time partnership, for 2- and 4-MW compatible turbine components that qualify for 80% of the Production Tax Credit (PTC) and enable 400 MW of future project development. “We are looking forward to working with Vestas and adding their wind turbines to our fleet,” said Ryan Creamer, CEO…
sPower wins 49.5-MW Silicon Valley Power PPA for Sand Hill Wind projects
sPower, an independent renewable energy provider, have been awarded a 25-year PPA with Silicon Valley Power (SVP), the City of Santa Clara’s municipal electric utility, to provide 49.5 MW of wind power. The Sand Hill Wind facilities will be constructed within the Altamont Pass Wind Resource Area (APWRA) and are part of re-powering efforts by Alameda…