The Kingfisher Wind Project will be built in central Oklahoma and is expected to be in commercial operation by the end of 2015. The project will be capable of producing up to 298MW of energy and this will be able to supply power for around 100,000 homes each year.
The project will be sited in Canadian and Kingfisher Counties. It is estimated that the project will cost $452 million.
In January 2015 Kingfisher Wind was acquired from Apex Clean Energy for an undisclosed sum by First Reserve. First Reserve is a global private equity and infrastructure investment firm that is exclusively focused on energy. Apex Clean Energy will remain on as construction and asset managers.
The other partner in the project is Vestas Wind Systems who will be providing 149 V100-2.0 MW turbines to the project.
The turbines will be constructed on agricultural land where it is expected that long term leases will be offered to landowners. It is expected that the addition of the turbines on this agricultural land will have no significant impact on agricultural activities.
The payments to landowners will receive annual lease payments that will continue over the projected 25-year lifespan of the wind farm.
Power Purchase Agreement
The Kingfisher Wind Project has been given a boost with the news that the Florida Public Service Commission has given approval for a wind power purchase agreement by Gulf Power with Morgan Stanley Capital Group. This is a 20-year agreement in which a 178MW portion of the electricity produced by the project will be sold to Gulf Power.
According to Jeff Rogers, External Communications manager for Gulf Power the power that is produced from the Kingfisher Wind project will be around 5 per cent of the energy that the company will provide.
This project will be the fifth renewable energy project that Gulf Power has negotiated deals with. The other projects include the Perdido Landfill Gas-to-Energy Facility which has been producing electricity since 2010 and three solar energy projects that are expected to begin construction in February 2016.
“Kingfisher Wind will help Gulf Power add renewable energy that makes environmental and economic sense,” said Jeff Rogers. “Smart renewables, like Kingfisher Wind, are cost effective for customers.”
The project will provide 165 local jobs during the wind farm construction phase. When the project goes into operation it will provide 12 full-time jobs for the operation and maintenance of the wind turbines.