Element Power signs PPA
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.