Energy Procurement, Utilities, Industrial, Sourcing Renewables, Wind - April 15, 2016
KCP&L strikes deal for 500 MW of wind from Missouri facilities
KCP&L plans to increase its sustainability portfolio with the purchase of an additional 500 MW of power from two wind facilities under construction in Missouri.
The company has two, 20-year power purchase agreements with the developers of the two projects: the 200-MW Osborn facility and the 300-MW Rock Creek facility, according to a news release. Osborn is being constructed by NextEra Energy Resources and is expected to reach commercial operation by the end of the year. Rock Creek is being constructed by Tradewind Energy is expected to reach commercial operation by September 2017.
"This announcement marks a significant investment in renewable energy, and will benefit our customers and the region," KCP&L President and CEO Terry Bassham said in the company's April 7 release. "Over the past decade, we've transitioned our energy mix to become more sustainable and cleaner, and today is the most recent in a series of investments in renewable energy. We're excited to announce our first wind facilities in our Missouri service area."
Both projects qualify for the federal production tax credit. KCP&L said once operational, the electricity from the projects is expected to bring its total wind energy portfolio to nearly 1,400 MW.
"and position KCP&L well to meet state requirements for the EPA’s Clean Power Plan," the company said.
KCP&L is the brand name of Kansas City Power & Light Co. and KCP&L Greater Missouri Operations Co., which are owned by Great Plains Energy Inc.