Tenaska buys 470MW wind trio
PRC-developed projects stretch across Minnesota, North Dakota
Independent energy company Tenaska has acquired a 470MW portfolio of mid-stage development projects in the US Upper Midwest from PRC Wind.
The deal covers three projects across Minnesota and North Dakota and the original developer will provide support services ahead of construction.
Tenaska will assume overall development responsibility, as well as financing, construction and operations, and plans to utilize its inventory of “safe harbor” wind turbines to achieve full production tax credit qualification.
“We successfully leveraged our expertise in natural gas-fueled power generation to solar, and now we are excited to build on our renewables record with these wind development projects,” said Tenaska president Greg Kelly.
All three projects will interconnect to the Midcontinent Independent System Operator regional transmission system with one of the projects also able to interconnect with Southwest Power Pool.