3 Mid-stage Projects in Upper Midwest were Initiated by PRC Wind
OMAHA, Nebraska – Leading independent energy company Tenaska has acquired a 470-megawatt (MW) wind development portfolio in the Upper Midwest. The acquisition from PRC Wind comprises three mid-stage projects in Minnesota and North Dakota.
“Tenaska has established itself as a leader in energy development,” said Greg Kelly, Tenaska president of development. “We successfully leveraged our expertise in natural gas-fueled power generation to solar, and now we are excited to build on our renewables record with these wind development projects.”
The acquired projects include 270 MW in Minnesota and 200 MW in North Dakota. All three projects will interconnect to the Midcontinent Independent System Operator (MISO) regional transmission system, with one of the projects also able to interconnect with Southwest Power Pool (SPP).
“These wind projects are located in regions with both good wind resources and a growing need for renewables,” said Joel Link, Tenaska vice president of development. “We are excited to add them to Tenaska’s development portfolio.”
PRC Wind, a Minneapolis-based company with a record of successful wind development, will provide support services to Tenaska through completion of local development activities. Tenaska will assume overall development responsibility, as well as financing, construction and operations, and plans to utilize its inventory of “safe harbor” wind turbines to achieve full production tax credit qualification.
Tenaska, based in Omaha, Nebraska, has successfully developed approximately 10,000 MW of natural gas-fueled and renewable power projects. The 150-megawatt Tenaska Imperial Solar Energy Center West in Southern California recently achieved commercial operation, providing renewable power to San Diego Gas & Electric under a long-term power purchase agreement. The 925-megawatt Tenaska Westmoreland Generating Station, a natural gas-fueled power plant in southwest Pennsylvania, started construction earlier this year.
Individual employees of Tenaska have an investment in Elkhorn Ridge Wind, LLC, an 81-MW wind generation facility in northeast Nebraska.
Tenaska is one of the leading independent power producers in the United States, with regional offices in Dallas, Denver, Pittsburgh, Philadelphia, Boston and Calgary, Alberta and Vancouver, British Columbia, Canada. Forbes magazine ranks Tenaska among the 25 largest privately held U.S. companies. Tenaska and its affiliates have developed approximately 10,000 megawatts (MW) of natural gas-fueled and renewable power generation, and currently manage operations for approximately 7,000 MW of power generation consisting of nine power plants. For more information, visit www.tenaska.com.
About PRC Wind
PRC Wind is a Minneapolis-based wind energy company established in 1997. PRC Wind has developed more than 1,800 megawatts of operating wind capacity. For more information, visit www.prcwind.com.