Allete Clean Energy has bought the 303MW Caddo wind farm in the US state of Oklahoma from Apex Clean Energy for an undisclosed price.
The purchase includes plans to sell power to three Fortune 500 customers that will be announced at a later date, Apex said.
The project, which is located in Caddo County, will increase Allete’s total installed wind capacity to over 1.34GW.
It will generate $50m in tax revenue, $54m in payments to landowners, approximately 200 full-time jobs during construction, and 12 to 15 long-term operations positions over the life of the project.
Caddo is expected to be operational by the end of 2021.
Allete Clean Energy president Allan Rudeck said: “When the Caddo wind project comes online, we expect nearly half of our total wind capacity will be sold into the corporate market with strong, creditworthy offtakers and under long-term contracts.
“We’re honoured to help corporate customers reduce their carbon footprint and reach their clean energy goals.
“We’re also proud to be working with Apex Clean Energy again as we finalise development in partnership with local residents, landowners, and policymakers, and build assets that position Allete Clean Energy for long-term growth.”
Apex Clean Energy president and chief executive Mark Goodwin said: “Apex and Allete have fostered a strong partnership, and we are thrilled to once again work together, in tandem with leaders in corporate procurement, to bring a project to life that will expand the clean energy market.
“Caddo Wind embodies the traits of an ideal wind project – including an exceptional wind resource and access to transmission – at a time when the market for renewable energy is surging to new heights.”