El­e­ment Power signs PPA

Power Watch India - - DISPATCHES INTERNATIONAL -

El­e­ment Power US, LLC, owner and de­vel­oper of the Mill Creek Wind Farm and KCP&L Greater Missouri Op­er­a­tions have re­port­edly en­tered into a power pur­chase agree­ment (PPA) for a 200 MW wind en­ergy fa­cil­ity to be built in Holt County, Missouri. The 200 MW project, once op­er­a­tional, will be the largest in the state of Missouri, it is claimed.

El­e­ment Power con­tin­ues to work with lo­cal, state and fed­eral en­ti­ties on reg­u­la­tory and en­vi­ron­men­tal re­views. The project cur­rently has ap­prox­i­mately 25,000 acres un­der lease with over 100 landowner part­ners. El­e­ment Power an­tic­i­pates com­mence­ment of con­struc­tion in Q3 2014, with ex­pected com­mer­cial op­er­a­tion achieved by the end of De­cem­ber 2015.

The Mill Creek Wind Farm will be an ap­prox­i­mately $400 mil­lion dol­lar in­vest­ment in the state of Missouri, it is told. Dur­ing project con­struc­tion, ap­prox­i­mately 300 peo­ple will be em­ployed, pro­vid­ing a sig­nif­i­cant eco­nomic boost to the area. Dur­ing op­er­a­tion, the project is ex­pected to pro­vide 12-14 full-time jobs as well as many other ben­e­fits to the lo­cal econ­omy in the form of roy­al­ties to par­tic­i­pat­ing landown­ers, tax rev­enues, and third party spend­ing at lo­cal busi­nesses. The tax rev­enues will ben­e­fit the county as a whole as well as the lo­cal school and fire dis­tricts. In ad­di­tion, the project will gen­er­ate enough clean elec­tric­ity to power ap­prox­i­mately 60,000 homes.

“We are ex­cited to work with KCP&L GMO and to help ad­dress their re­new­able en­ergy needs by de­liv­er­ing a Missouri-based source of clean en­ergy. This project will bring tremen­dous eco­nomic ben­e­fit to the lo­cal area and we are proud to be de­vel­op­ing it in Holt County and grate­ful for all of the lo­cal sup­port,” Ty Daul, CEO of El­e­ment Power re­port­edly said.

El­e­ment Power US, LLC de­vel­ops, ac­quires, builds and op­er­ates util­ity-scale so­lar and wind power projects, cre­at­ing clean, re­new­able sources of en­ergy to meet the in­creas­ing de­mand for green elec­tric­ity and to ad­dress the press­ing chal­lenges of global warm­ing and en­ergy se­cu­rity. El­e­ment Power is owned by Hud­son Clean En­ergy Part­ners, a lead­ing global pri­vate eq­uity firm ded­i­cated solely to in­vest­ing in re­new­able power, al­ter­na­tive fu­els and en­ergy ef­fi­ciency and stor­age.

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