sPower announced March 31 that its first wind project, the 60-MW Latigo Wind Park in Utah, is now fully operational and has closed on its long-term financing plan.
Located in San Juan County in southeastern Utah, major construction of the wind farm was completed in December 2015. Since December, the turbines have undergone various commissioning tests and are now operating at full capacity. This power will be provided to PacifiCorp under a 20-year power purchase agreement.
“We are excited that the Latigo Wind Park has achieved commercial operation and would like to thank the residents of Monticello and the surrounding areas for helping us reach this important milestone,” said Ryan Creamer, sPower’s CEO.
sPower is currently building another wind farm, the Pioneer Wind Park, in Glenrock, Wyoming, just outside of Casper. The company has announced plans to bring online more than 700 MW of renewable energy projects before the end of the year.
Headquartered in Salt Lake City, with offices in San Francisco, Long Beach and New York City, sPower is a leading independent power producer (IPP) that owns and/or operates more than 150 utility and commercial distributed electrical generation systems across the U.S. and the United Kingdom. With 4 GW between operating, construction and pipeline, sPower is actively buying select utility-scale renewable assets in virtually any stage of development in the United States. sPower is a portfolio company of Fir Tree Partners, a global investment fund.