Black Hills Energy, an electric utility serving southern Colorado, has closed its $109 million purchase of the 60 MW Peak View Wind Project, located roughly 40 miles south of Pueblo, Colo.
Commercial operations are expected to begin today – two months earlier than originally planned, says Black Hills Energy, a subsidiary of Black Hills Corp.
The wind farm 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 operations.
“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,” said Linn Evans, president and chief operating officer of Black Hills Corp.