Tenaska, an independent power producer in the US, has signed a 25-year power purchase agreement (PPA) with Associated Electric Cooperative Inc. for a wind power project located in northwest Missouri.
The Tenaska Clear Creek wind farm is currently in the advanced stages of construction near Maryville, in Nodaway County, will have a capacity of 236MW with development costs between $200 million to $300 million. The wind power project will create roughly 200 jobs during construction with 15 full-time permanent jobs when operational.
The project is expected to bring in approximately $1.2 million each year in tax revenue to the local community and another $1.2 million to landowners through lease payments.
President and managing director in Tenaska’s Strategic Development & Acquisitions Group, Greg Kelly said, “We are excited to be starting a new relationship with Associated, a relationship that will bring more renewable generation and significant economic benefits to the region. We look forward to completing development and construction of Tenaska Clear Creek and putting this project into operation.”
Associated’s CEO and general manager, David J. Tudor said, “This agreement secures long-term, fixed and competitively priced renewable energy for our members, serving as a buffer against projected increases in fuel prices. With our experience managing significant amounts of wind power on our system, Clear Creek is a good fit for our power supply portfolio.”