As per the deal, SCOA will become a 50-50 equity partner in the 131MW Cimarron II wind power project in Gray County and in the 168MW Ironwood wind power project in Ford County.
Duke Energy Renewables, a commercial business unit of Duke Energy, and SCOA will complete construction of both wind farms in late 2012.
Duke Energy Renewables will operate and maintain both the wind projects once they are in service, while SCOA will oversee management of the projects.
The deal between Duke Energy Renewables and SCOA is expected to close in April.
In addition, the companies are exploring opportunities to finance the cost of constructing and operating the Cimarron II and Ironwood wind projects.
All the electricity and associated renewable energy credits (RECs) generated by Cimarron II project will be sold to Kansas City Power & Light under the terms of a 20-year agreement.
Westar Energy will buy all the power and RECs produced by the Ironwood wind farm through a 20-year agreement.
Duke Energy Renewables is engaged in developing wind and solar energy generation projects for customers throughout the US.
