NorthWestern has purchased the Two Dot Wind Farm LLC from NJR Clean Energy Ventures for $18.5 million.
The 9.7MW project, located in central Montana, is pending approval by the Federal Energy Regulatory Commission, but should be passed through by the end of April.
The Two Dot wind farm will be the second wind energy project owned by NorthWestern in Montana; they also own Spion Kop, located near the community of Geyser, which is a 40MW wind farm.
NorthWestern’s customers will enjoy lower energy costs thanks to the acquisition and the wind farm will also help the company to comply with the Community Renewable Energy Project component of Montana’s Renewable Portfolio Standard.
According to the press release, more than 60 percent of the energy NorthWestern Energy provides to its Montana customers comes from renewable and carbon-free water, wind and solar generation. The energy company also relies on thermal generation from Colstrip Unit 4 and several natural gas-fired plants to meet customer needs reliably and affordably.
NorthWestern Energy’s Vice President, Supply, John Hines said, “By purchasing this project, we will provide customers with renewable power at an estimated average annual savings of about $170,000, compared to the existing QF wind contract. NorthWestern will continue to search for similar opportunities that provide additional cost savings for customers.”