FERC approves new owner for 152-MW Oklahoma wind project

The Federal Energy Regulatory Commission on Dec. 16 approved the sale of Osage Wind LLC, which controls a 152-MW wind project in Oklahoma, to TradeWind Energy.

On Aug. 29, Osage Wind requested authorization for a transaction under which Wind Capital Group LLC agrees to sell, and TradeWind Energy agrees to purchase, 100% of the ownership interests in Osage Wind.

Osage Wind is developing an approximately 152 MW wind facility and associated interconnection facilities in Osage County, Okla., within the Associated Electric Cooperative balancing authority area. The full project output has committed to Associated Electric under a long-term contract.

Osage Wind is affiliated with Lost Creek Wind LLC and Post Rock Wind Power Project LLC. Lost Creek owns and operates a 150-MW wind facility in Dekalb County, Mo., within the Associated Electric balancing authority area. Post Rock owns and operates a 201-MW wind farm in Kansas within the Midwest Energy transmission area, which is part of the Westar Energy balancing authority area.

Osage Wind is a direct, wholly-owned subsidiary of Wind Capital, which is, in turn, a direct, wholly-owned subsidiary of Wind Capital Ventures LLC. NTR US Wind, an indirect wholly-owned subsidiary of NTR plc, holds 97% of the voting interests in Wind Capital Ventures. NTR plc is a public limited company headquartered in Dublin, Ireland, and an investor in renewable energy and sustainable waste management businesses in the United States and Ireland.

TradeWind, with its principal place of business in Lenexa, Kansas, specializes in wind and solar project development nationwide. TradeWind does not own or operate any in-service generation or transmission facilities in the United States, but it is currently developing the Mustang Run Wind Project and the Rock Creek Wind Project in the Associated Electric balancing authority area.

  • The Mustang Run Wind Project is a proposed 350-MW wind facility located within Osage County; and
  • the Rock Creek Wind Project is a proposed 300 MW to 400 MW wind facility to be located approximately 60 miles north of St. Joseph, Mo.

TradeWind anticipates that it will sell the entire output of these facilities to non-affiliated third parties under long-term agreements.

The Osage Nation raised certain property rights issues in this proceeding, but FERC rejected them. “We find that the issues raised by the Osage Nation are outside the scope of this proceeding because they are not relevant to our analysis under FPA section 203,” FERC wrote. “This proceeding is not the appropriate forum in which to address the Osage Nation’s concerns that are currently pending before the U.S. Fish and Wildlife Service and the Army Corps. As the Commission explained in the Merger Policy Statement, we will not consider matters that are unrelated to the transaction and analysis performed by the Commission under section 203 of the FPA.”

About Barry Cassell 20414 Articles
Barry Cassell is Chief Analyst for GenerationHub covering coal and emission controls issues, projects and policy. He has covered the coal and power generation industry for more than 24 years, beginning in November 2011 at GenerationHub and prior to that as editor of SNL Energy’s Coal Report. He was formerly with Coal Outlook for 15 years as the publication’s editor and contributing writer, and prior to that he was editor of Coal & Synfuels Technology and associate editor of The Energy Report. He has a bachelor’s degree from Central Michigan University.