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Construction of Bloom Wind began in the third quarter of 2016. The 178-megawatt (MW) wind farm will consist of 54 Vestas V117-3.3 MW turbines. Commercial operation of the facility is expected in the third quarter of 2017. Bloom Wind is located on 15,000 acres of privately-owned lands approximately 20 miles south of Dodge City in Ford and Clark Counties, Kansas. The project lands are located within one of the strongest wind regimes in the U.S. with an average wind speed of over 9 meters per second.
Capital Power will operate Bloom Wind under a 10-year fixed price contract with Allianz Risk Transfer (rated AA- stable by Standard & Poor’s), a subsidiary of Allianz SE, the worldwide insurance and asset management group, covering 100% of the project’s output. Under the contract, which was executed on April 21, 2016, Capital Power will swap the market revenue of the project’s generation for a fixed annual payment for a 10-year term. The agreement will secure long-term predictable revenues and mitigate generation volume uncertainty related to wind resources, allowing Bloom Wind to secure renewable energy tax equity financing and provide Capital Power the opportunity to complete its first wind development project in the growing U.S. renewables market.
Last reviewed: December 2016