Community wind farm agreement
NorthWestern Energy signs agreement with OwnEnergy for Montana community wind farm.
Butte, Mont.—NorthWestern Energy (NYSE: NWE), and OwnEnergy Inc., a developer of community wind projects, announced that they have signed a 25-year Qualifying Facility Agreement for the 9.7 megawatt Two Dot Wind Farm. The project is located in Wheatland County, near the town of Two Dot, about 90 miles northwest of Billings, Mont.
OwnEnergy will sell the electricity from the community wind farm to NorthWestern Energy under the terms and conditions set forth by the Montana Public Service Commission in the QF-1, Option 3 electric tariff. OwnEnergy and NorthWestern negotiated a long-term rate substantially below the current Qualifying Facility rate of $69.21. In return, OwnEnergy obtained curtailment provisions that are significantly more favorable than those contained in new Qualifying Facility Agreements.
The project is being developed as a result of the partnership between OwnEnergy and Two Dot Wind LLC, whose owners, Dave Healow and Dana Dogetrom, are local businessmen. Two Dot Wind Farm exemplifies the central principles of community wind development—local ownership as well as greater involvement and financial upside for members of the community. Furthermore, as a wind development approach, community wind has demonstrated that it creates a greater number of local jobs.
OwnEnergy has taken a leadership role in the high-growth community wind sector, where its CEO serves on the AWEA board as an advisor on the segment. Through its proprietary development technology and local partnerships, OwnEnergy has driven down the time and cost of developing these small to mid-sized wind projects and made them competitive in the market.
Jacob Susman, founder and CEO of OwnEnergy, said, “This is an exciting milestone for OwnEnergy, Two Dot Wind LLC and the local Montana community. NorthWestern has once again shown true leadership, demonstrating that power generation can be environmentally friendly at the same time as being cost-effective.”
Construction of the Two Dot Wind Farm will begin by spring of 2012.