Published on 27th December 2021
After negotiating two long-term power purchase agreements (PPAs) for the offtake of its full generation, Canadian electricity generator TransAlta Corp announced that it will proceed with the construction of a 300-MW two wind farm complex in Oklahoma.
According to the statement, the White Rock East and White Rock West wind projects' renewable electricity and environmental features have been contracted to a new customer with an AA credit rating from S&P Global Ratings. The customer's identity was kept a secret.
The White Rock East and West wind farms will be built in Caddo County and will comprise 51 Vestas turbines. Construction will begin in late 2022, with commercial operations expected to begin in the second half of 2023.
The wind park, which is expected to cost between USD 460 million (EUR 407 million) and USD 470 million to build, will be built, operated, and owned by TransAlta. Construction will be funded with current cash and tax equity, according to the corporation.
It has fixed-price contracts with Vestas Wind Systems A/S for turbine supply and MA Mortenson Company for engineering, procurement, and construction (EPC) services.