TradeWind Energy Inc. has entered into 20-year power purchase agreements (PPAs) with the Grand River Dam Authority (GRDA) for two Oklahoma wind farms totaling 234 MW.
TradeWind is developing the 136 MW Mustang Run project in Osage County and the 98 MW Breckinridge project near Enid. According to the company, the wind farms will pay approximately $50 million to TradeWind's landowner partners and generate in excess of $30 million in total ad valorem property taxes over the next 20 years. The developer expects the projects to create approximately 20 full-time jobs once they are both operational and require 300 construction jobs to build.
Dan Sullivan, the GRDA's CEO and director of investment, says the state-owned utility has a goal to have a well-balanced and diversified generation portfolio.
"The addition of these wind projects will help bring the diversity we need," he says. "The fuel options we will have in the future will continue to serve our customers well with reliability and affordability."
With Mustang Run and Breckinridge, TradeWind says it will have developed or begun construction on six wind projects in Oklahoma since 2011. The projects represent just under 1 GW of capacity, $1.6 billion in capital investment and over $200 million in aggregate landowner payments.
"Oklahoma has an outstanding natural resource in wind, but what sets it apart for development is the state's commitment to encouraging wind energy in a way that creates jobs and spurs investment in local communities," comments Sanjay Bhasin, TradeWind's senior vice president for business development.