Black Hills Energy has received approval for its settlement that allows the company to build and own 50% of the power project, an investment of $26.5m.
The Colorado PUC authorized the company to conduct a competitive solicitation for ownership of the other 50% of the project.
The power project include 16 Vestas wind turbines, components of which will be manufactured in Pueblo and at other Vestas facilities in Colorado.
Black Hills Energy intends to complete the project in late 2012, and the project is expected to qualify for the US Department of Treasury’s section 1603 cash grant program.
Currently, the 50% of the project subject to the RFP is owned by a wind developer and is subject to a renewable energy purchase agreement with Black Hills Energy.
