Bloom Wind began commercial operation on June 1, 2017, one month ahead of schedule and on budget.
Construction of Bloom Wind, Capital Power's largest wind facility to date began in the third quarter of 2016. The 178-megawatt (MW) wind farm consists of 54 Vestas V117 3.3-MW turbines. 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 operates 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 secures long-term predictable revenues and mitigate generation volume uncertainty related to wind resources.
Capital Power is among the first IPPs in North America to utilize a proxy revenue swap agreement, which received award recognition from IJGlobal as the North American Wind Deal of the Year.
Last reviewed: August 2017