Lenexa, Kan. (March 25, 2014) –TradeWind Energy, Inc., one of the largest independent wind and solar project development companies in the U.S., today announced it has entered into long-term renewable energy purchase agreements with the Grand River Dam Authority (GRDA) to deliver low-cost wind energy from two Oklahoma wind projects.
Together the 136 MW Mustang Run project in Osage County and the 98 MW Breckinridge project near Enid will produce enough low-cost energy to supply about 65,000 Oklahoma homes. The projects will pay approximately $50 million to TradeWind’s landowner partners and generate in excess of $30 million in total ad valorem property taxes, over the next 20 years. The projects will create approximately 20 full-time jobs once they are both operational and will require 300 construction jobs to build.
With Mustang Run and Breckinridge, TradeWind will have developed or begun construction on six wind projects in Oklahoma since 2011. The projects represent just under 1 GW of capacity, $1.6 billion in capital investment and well over $200 million in aggregate landowner payments.
“Oklahoma has an outstanding natural resource in wind, but what sets it apart for development is the state’s commitment to encouraging wind energy in a way that creates jobs and spurs investment in local communities,” said Sanjay Bhasin, TradeWind’s senior vice president for business development.
TradeWind has been collaborating with state and local agencies, landowners and community members in the communities surrounding the two projects. In December, TradeWind partnered with the Shidler School District in Osage County to provide two new school buses for students after company officials learned that the rural school district was experiencing transportation troubles. In response, Shidler’s School Superintendent John Herzig commented, “I guess Santa’s sleigh is big and yellow in Osage County this year.”
“We take pride in being an integral part of the community on every project we develop, and we are looking forward to doing the same on these projects,” Bhasin said.