OG&E Electric Services announced that it has entered into a non-binding letter of intent to purchase a 120-MW wind farm planned for construction in northwestern Oklahoma.
Invenergy Wind, LLC, is to develop the new wind power plant north of Woodward in Harper County. It is expected to cost about $180 million plus the cost of transmission interconnection facilities.
Once a definitive agreement is reached, it will be subject to various conditions, including approval by the boards of directors of both companies and the Oklahoma Corporation Commission. If all conditions are met, the new wind farm could be in place and producing power by Dec. 31, 2006.
“We are pleased to announce our plan for a major expansion of renewable wind energy in Oklahoma,” said Steven E. Moore, chairman, president and CEO of OGE Energy Corp., parent company of OG&E. “We made a careful first step into wind power with our 2003 agreement to purchase the output from a 50-MW wind power facility, and now, we’re proposing a significant next step that would more than triple our wind power capacity. Clearly, we’re excited about the prospects for wind power in Oklahoma.”
Loading...