Lenexa, Kan., October 10, 2012 — TradeWind Energy and Alabama Power Co. entered into a long-term energy purchase agreement for electricity from wind-rich Kansas across five states to communities in Alabama.
The 20-year power purchase agreement between TradeWind Energy and Alabama Power for 202 MW and all associated renewable energy credits were approved by the Alabama Public Service Commission on September 17, 2012. TradeWind Energy's plan allows flexibility for construction of a wind project between 200 and 300 MW.
The project will be constructed across about 42,000 acres and hosted by over 120 landowners in Grant, Haskell and Finney Counties in Kansas. Under the agreement, Alabama Power has the flexibility to use the electricity from the wind project to serve its customers and retire the RECs, or it can sell the electricity and the RECs, together or separately, to third parties.
The Buffalo Dunes Wind Project will represent an about $300 million investment resulting in economic benefits to the state of Kansas and it will help to stabilize and lower energy costs over the life of the contract for customers on the other end of the line in Alabama. An estimated 150 new jobs will be created during the construction phase of the project with the fully operational project requiring about15 new full-time workers. Commercial operation is anticipated in December 2013.
This is the third project developed by TradeWind Energy that will deliver energy from the Midwest into the Southeastern U.S.
In total, over the past 18 months TradeWind has entered long term power purchase agreements that will lead to the construction of four wind projects in Kansas and Oklahoma that combined will deliver about 800 MW of energy to utility customers in the 10 states served by Alabama Power, Tennessee Valley Authority and Western Farmers Electric Cooperative.