Canada-based TransAlta Corporation has entered into two long-term Power Purchase Agreements for the offtake of 100% of the generation from its 300 MW White Rock East and White Rock West Wind Power Projects to be located in Caddo County.
“TransAlta is thrilled to make our White Rock Wind Project a reality,” said John Kousinioris, President and Chief Executive Officer of TransAlta. “The delivery of low-cost, reliable, and clean energy from White Rock supports our customer’s sustainability goals and provides an excellent opportunity to expand our wind fleet in the United States. This project is another step towards executing our recently announced Clean Electricity Growth Plan of delivering 2 GW of capacity by 2025. White Rock East and West will collectively be the largest wind project we have undertaken and are excellent additions to our Company’s expanding wind portfolio.”
The White Rock Wind Project will consist of a total of 51 Vestas turbines with construction expected to begin in late 2022 and a target commercial operation date in the second half of 2023, according to a company press release.
TransAlta will construct, operate and own the facility. Total construction capital is estimated at approximately $460 million and is expected to be financed with existing liquidity and tax equity. Over 90% of the project costs are captured under executed fixed price turbine supply agreements with Vestas and executed fixed price engineering, procurement, and construction agreements with M.A. Mortenson Company.