Blue Diamond Ventures Inc., through its affiliate Blue Diamond Renewables LLC, has established next-level funding sources for its interest in the proposed 198 MW Huerfano wind project in Colorado. Blue Diamond has also identified 68 miles of transmission line in the region.
Last year, wind study results for the joint venture's Huerfano wind project – which is proposed to be built on more than 8,000 acres – came back highly favorable, according to the companies.
To date, Blue Diamond Renewables has been the principal funding source for the proposed $420 million project in southern Colorado, financing the wind studies analyzed by Karbon Zero LLC, interconnection feasibility and site studies for GI-2008-6 interconnection request with the Public Service Company of Colorado and its generation interconnection request for the 198 MW intertie.
Along with identifying key markets in California to sell the power, Blue Diamond Ventures has also covered costs for legal services, consultants and other fee requirements.
SOURCE: Blue Diamond Ventures Inc.