Black Hills Corp. Utility completes purchase of the 60-MW Peak View Wind Project
Black Hills Corp. has announced that Black Hills Energy, its electric utility subsidiary serving southern Colorado (US), closed on the purchase of the 60 MW Peak View Wind Project.
Commercial operations began on Nov. 7, nearly two months earlier than originally planned. The projects investment amounted to US$109 million.
The Peak View Wind Project, located about 40 miles south of Pueblo, Colorado, was constructed by Invenergy Wind Development Colorado, LLC, under a 2015 build-transfer agreement executed with Black Hills Energy through a competitive solicitation process. Black Hills Energy will recover its investment through customer billing adjustment clauses for the first 10 years of operation.
Linn Evans, president and chief operating officer of Black Hills Corp, said:
“The Peak View Wind Project will help provide customers with a cost-effective solution toward fulfillment of Colorado’s renewable energy requirement that 30 percent of customers’ electricity usage comes from renewable resources by 2020. We are proud to serve our southern Colorado customers with safe, reliable energy fueled entirely by natural gas, wind and solar.”
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