Tri-State, NextEra ink Colorado PPA
Tri-State Generation and Transmission Association says it will buy the entire 150MW output from Carousel Wind Farm that a subsidiary of NextEra Energy Resources will build, own and operate in eastern Colorado.
Terms of the 25-year agreement were not made public. Tri-State provides wholesale electric power to 44 distribution cooperatives in Colorado, Nebraska, New Mexico and Wyoming.
"This was a timely and cost-effective opportunity for us to diversify our generation fleet and deepen our expertise in the challenging area of integrating variable energy resources," says Brad Nebergall, Tri-State's senior vice president.
While the deal will help the company meet renewable energy mandates in both Colorado and New Mexico, Tri-State believes they are unnecessary. It argues that the not-for-profit cooperative's resource decisions should be directed by its democratically-elected board.
Tri-State now generates 23% of its electricity from renewable sources.