Black Hills Corp. Utility Finalizes its Purchase of the Recently-Completed 60-Megawatt Peak View Wind Project

Source Press Release
Company Black Hills Corp 
Tags Asset Deals, Deals, Power
Date November 04, 2016

Black Hills Corp. (NYSE: BKH) today announced that Black Hills Energy, its electric utility subsidiary serving southern Colorado, closed on the purchase of the $109 million, 60-megawatt Peak View Wind Project. Commercial operations will begin on Monday, Nov. 7, 2016, nearly two months earlier than originally planned.

"The Peak View Wind Project will help provide customers with a cost-effective solution toward fulfillment of Colorado's renewable energy requirement that 30 percent of customers' electricity usage comes from renewable resources by 2020," said Linn Evans, president and chief operating officer of Black Hills Corp. "We are proud to serve our southern Colorado customers with safe, reliable energy fueled entirely by natural gas, wind and solar," continued Evans.

The Peak View Wind Project, located about 40 miles south of Pueblo, Colorado, was constructed by Invenergy Wind Development Colorado, LLC, under a 2015 build-transfer agreement executed with Black Hills Energy through a competitive solicitation process. Black Hills Energy will recover its investment through customer billing adjustment clauses for the first 10 years of operation.

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