Wind Catcher project in the Oklahoma Panhandl: 2,000-megawatt wind farm under construction

A $4.5 billion Wind Catcher project was announced by Southwestern Electric Power Co. that includes acquisition of a 2,000-megawatt wind farm under construction in the Oklahoma Panhandle and construction of a 360-mile dedicated generation tie line to the Tulsa area, where the existing electrical grid will deliver the wind energy to customers.

“We are extremely pleased with this project and proud of the tremendous opportunity the Wind Catcher project provides for clean, low-cost energy and long-term savings for SWEPCO customers,” said SWEPCO president and chief operating officer. “Our customers are looking to us to provide clean, reliable and cost-effective power. Wind Catcher will help companies, universities, cities and other customers meet their sustainability and renewable energy goals”.

The project will save customers money  for more than $4 billion, net of cost, over the 25-year life of the wind farm. Cost savings include no fuel cost for wind, which lowers SWEPCO’s overall fuel and purchased power costs; full value of the federal Production Tax Credit, which is available for construction of new wind farm projects; and the cost-efficient delivery of the wind generation to customers through the new, dedicated power line. Customers will see savings primarily through a reduction in the fuel portion of their bills, beginning in 2021.

The economic impact of the project will be very important because will include manufacturing of key components of the wind turbines in states served by SWEPCO. GE Renewable Energy, which will provide 800 of its 2.5-megawatt wind turbines for the Wind Catcher facility, anticipates that a significant number of turbine blades, towers and generator frames will be manufactured in Arkansas, Louisiana and Texas.

Customers benefit from cost savings that include no fuel cost for wind, which lowers the overall fuel and purchased power costs; a tax credit for construction of new wind farm projects; and the cost-efficient delivery of the wind generation to customers through the new, dedicated power line.

Customers will see savings primarily through a reduction in the fuel portion of their bills, beginning in 2021. The project is subject to regulatory approvals in Arkansas, Louisiana, Oklahoma and Texas as well as the Federal Energy Regulatory Commissio

Wind Catcher is the largest single-site wind project in the United States. The wind farm is under development by Invenergy in Cimarron and Texas counties in the Oklahoma Panhandle.

Galbiati Group  For more information visit the website  www.galbiatigroup.it.

 

 

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