Element Power and KCP&L Greater Missouri Operations (GMO) have signed a 20-year power purchase agreement for a 200MW wind energy facility in Holt County.
Working with local, state and federal entities on regulatory and environmental reviews, Element Power expects to begin construction of the project in the third quarter of 2014 and commission it by the end of December 2015.
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Once operational, the Mill Creek wind farm project, which is claimed to be the largest in the state of Missouri, will draw in an investment of around $400m to the state.
Having leased approximately 25,000 acres from more than 100 landowner partners, the project will create 300 construction jobs and 12 to 14 full-time jobs for the project operation and maintenance.
Additionally, the project will significantly contribute to the growth of the local economy by providing royalties to participating landowners, tax revenues and third party spending at local businesses.
Element Power CEO Ty Daul said the company is working with KCP&L GMO and helping to address its renewable energy needs by delivering a Missouri-based source of clean energy.
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By GlobalData"This project will bring tremendous economic benefit to the local area and we are proud to be developing it in Holt County and grateful for all of the local support," said Daul.
Recently KCP&L announced its plans to inject a significant investment to expand its energy-efficiency programmes and wind energy projects.
The company plans to purchase 400MW of power from two new wind facilities under 20-year power purchase agreements, increasing its wind energy portfolio to 939MW.
One of the projects is 200MW Mill Creek wind farm, while another project of similar capacity is being built by EDP Renewables.
Both the wind projects are eligible for federal wind tax credits expired at the end of 2013 that will allow KCP&L to take full advantage of such credits.
Image: Holt County in Missouri to host 200MW wind energy facility. Photo: courtesy of Freedigitalphotos.
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