Independent power producer Tenaska has acquired a 470 MW wind portfolio under development in Minnesota and North Dakota.
The acquisition from Minneapolis-based PRC Wind comprises three mid-stage projects: 270 MW in Minnesota and 200 MW in North Dakota. All projects will interconnect to the Midcontinent Independent System Operator regional transmission system, and one of the projects will be able to interconnect with the Southwest Power Pool.
“These wind projects are located in regions with both good wind resources and a growing need for renewables,” noted Joel Link, Tenaska’s vice president of development.
PRC Wind will provide support services to Tenaska through the completion of local development activities. Tenaska will assume overall development responsibility, as well as financing, construction and operations. Tenaska also plans to use its inventory of safe-harbor wind turbines to achieve full production tax credit qualification.
Tenaska, based in Omaha, Neb., says it has developed approximately 10,000 MW of natural gas-fueled and renewable power projects.