Tenaska buys 470-MW wind development portfolio from PRC

The independent energy company, Tenaska said Sept. 27 that it has acquired a 470-MW wind development portfolio in the Upper Midwest from PRC Wind.

The transaction includes three mid-stage projects in Minnesota and North Dakota.

The acquired projects include 270 MW in Minnesota and 200 MW in North Dakota. All three projects will interconnect to the Midcontinent Independent System Operator (MISO) regional transmission system, with one of the projects also able to interconnect with Southwest Power Pool (SPP).

“Tenaska has established itself as a leader in energy development,” said Greg Kelly, Tenaska president of development. “We successfully leveraged our expertise in natural gas-fueled power generation to solar, and now we are excited to build on our renewables record with these wind development projects,” Kelly said.

PRC Wind, a Minneapolis-based company with a record of successful wind development, will provide support services to Tenaska through completion of local development activities.

The PRC Wind website indicates that the company has more than 1,800 MW project experience for units that are either in operation or under construction.

“These wind projects are located in regions with both good wind resources and a growing need for renewables,” said Joel Link, Tenaska vice president of development. “We are excited to add them to Tenaska’s development portfolio.”

The Tenaska news release did not list names and exact locations for the three wind projects involved in the deal.

Tenaska will assume overall development responsibility, as well as financing, construction and operations, and plans to utilize its inventory of “safe harbor” wind turbines to achieve full production tax credit qualification.

Tenaska, based in Omaha, Nebraska, has successfully developed approximately 10,000 MW of natural gas-fueled and renewable power projects. The 150-MW Tenaska Imperial Solar Energy Center West in Southern California recently achieved commercial operation

About Wayne Barber 4201 Articles
Wayne Barber, Chief Analyst for the GenerationHub, has been covering power generation, energy and natural resources issues at national publications for more than 20 years. Prior to joining PennWell he was editor of Generation Markets Week at SNL Financial for nine years. He has also worked as a business journalist at both McGraw-Hill and Financial Times Energy. Wayne also worked as a newspaper reporter for several years. During his career has visited nuclear reactors and coal mines as well as coal and natural gas power plants. Wayne can be reached at wayneb@pennwell.com.