Independent energy company, Tenaska, has acquired a 470-MW wind development portfolio in the Upper Midwest. The acquisition from PRC Wind comprises of three mid-stage projects in Minnesota and North Dakota.
“Tenaska has established itself as a leader in energy development,” said Greg Kelly, Tenaska president of development. “We successfully leveraged our expertise in natural gas-fueled power generation to solar, and now we are excited to build on our renewables record with these wind development projects.”
The acquired projects include 270 MW in Minnesota and 200 MW in North Dakota. All three projects will interconnect to the Midcontinent Independent System Operator (MISO) regional transmission system, with one of the projects also able to interconnect with Southwest Power Pool (SPP).
“These wind projects are located in regions with both good wind resources and a growing need for renewables,” said Joel Link, Tenaska vice president of development. “We are excited to add them to Tenaska’s development portfolio.”
PRC Wind, a Minneapolis-based company with a record of successful wind development, will provide support services to Tenaska through completion of local development activities. Tenaska will assume overall development responsibility, as well as financing, construction and operations, and plans to utilize its inventory of “safe harbor” wind turbines to achieve full production tax credit qualification.
Filed Under: Construction