ABB_id2059
in News Departments > Projects & Contracts
print the content item

The Montana Public Service Commission (PSC) has voted to approve NorthWestern Energy Corp.'s application for pre-approval to build and operate the 40 MW Spion Kop Wind Project, which will be located in Geyser, Mont.

Montana law allows utilities to obtain pre-approval for significant generating projects they hope to build or acquire. The application for Spion Kop was not opposed by any party of record in the proceeding. The expected cost of electricity from the project is $55.42/MWh, compared to an average cost of the current portfolio of $60.87/MWh and a market price since 2000 of $64.37/MWh.

"This project provides cheaper electricity than the price of power on the market for the last decade, and it’s cheaper than our forecast price of electricity going forward," says Travis Kavulla, chairman of the PSC. “Even if the state had no renewable energy standard, this project would still be cost-competitive, and I would still vote to approve it.”

The Spion Kop project qualifies for a $22/MWh production tax credit in its first 10 years of commercial operation. 



Advertisement

Trachte_id2056
Latest Top Stories

More Investors Entering Tax Equity Market; Returns Holding Steady

The entry of new tax equity investors to the wind space last year re-ignited an old debate.


Report: Top 10 Turbine OEMs Had Record Year In 2014

Preliminary findings suggest Vestas reigned supreme again among the world's leading wind turbine makers. How did some of the other OEMs fare?


AWEA's Gramlich To FERC: Additional Transmission Needed Regardless Of Clean Power Plan

To further build a more balanced and reliable electricity portfolio, the U.S. needs to build more transmission capacity.


Getting A Grip On Grinding Gearboxes: Why Such Events Need Not Be Showstoppers

Despite advances in gearbox reliability - namely, from condition monitoring systems and greater design standardization - challenges remain.


How Wind Energy Can Meet EPA Clean Power Plan Requirements

According to the American Wind Energy Association, wind power is a cost-effective solution for complying with the environmental effort.

Hybrid Energy Innovations 2015