Arkansas Electric Cooperative Corp. (AECC) said May 19 that it has secured a long-term agreement to purchase 108 MW of wind energy from the planned Drift Sand Wind Farm.
This project will be located about 60 miles southeast of Oklahoma City and is scheduled to be in service by Dec. 31, 2016.
“AECC will be the sole recipient of energy from this wind farm,” said Duane Highley, president and chief executive officer of AECC. “Collectively, AECC will have more than 309 megawatts of wind energy once the new wind farm is commercially launched. As a not-for-profit, member-owned cooperative, we are committed to provide our members with the lowest cost electricity available.”
This is AECC’s third wind power purchase agreement since 2012. The other wind farms are in Oklahoma and Kansas. The cooperative now has 309 MW of long-term wind energy in its portfolio.
“The wind energy agreements provide our distribution cooperatives and their members with energy resources that are geographically diverse, reasonably-priced and price-controlled over a long-term period,” Highley said. “AECC has long been dedicated to pursuing investments in a diverse generation portfolio to shield members against fuel cost spikes and shifts in federal energy policies.”
AECC owns three run-of-the-river hydroelectric stations located along the Arkansas River, three natural gas/oil-based plants, four natural gas-based-only plants and co-owns portions of four low-cost coal-fired plants.