in News Departments > Projects & Contracts
print the content item

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.



Trachte Inc._id1770
Latest Top Stories

Alberta Breaks Wind Power Record, Then Does It Again

Last week, the Alberta Electric System Operator recorded new wind production peaks in the Canadian province - highlighting how well the grid integrated the renewable energy.


Federal Appeals Court Finds Obama's Wind Farm Decision Unconstitutional

A federal appeals court ruled that the U.S. government violated the constitutional rights of Chinese-owned Ralls Corp. when ordering the divestment of four Oregon wind farms.


Renewables Make Up Over 50% Of New U.S. Power In First Half Of 2014

According to a recent government report, renewable energy sources, such as wind and solar, continue to dominate new electric generating capacity.


Suzlon Facility Lends Key Assist In Developing 'The Wind Technicians Of Tomorrow'

The turbine manufacturer’s Elgin, Ill.-based training facility is the culmination of a program that puts a new twist on a proven method of instruction.


Having Their Say: CanWEA Clarifies True Source Of Canadian Wind Success

The Canadian Wind Energy Association (CanWEA) takes issue with a recent report summary regarding various renewable energy policies in North America.

Renewable NRG_id1934
Canwea_id1984
Navigant_id1983