Tenaska closes US$158 Million financing for wind project in southwest Minnesota, US

The Nobles 2 wind farm is owned by Nobles 2 Power Partners, LLC, which is comprised of affiliates of Tenaska and ALLETE Inc.

Construction of the 250 MW Nobles 2 wind farm, located near Wilmont in Nobles County, Minnesota, began in August. Vestas, an industry leader in sustainable energy solutions, is supplying 74 wind turbines and will provide maintenance services for the project. Mortenson, a premier builder and provider of energy and engineering services based in Minneapolis, Minnesota, is the engineering, procurement and construction (EPC) contractor. Mortenson has installed wind projects in 30 states and providences across the US and Canada.

Commercial operation is anticipated in 2020. When complete, the Nobles 2 wind farm will deliver power under a 20-year power purchase agreement with Minnesota Power, a utility division of ALLETE.

Construction and operation of the Nobles 2 wind farm is expected to boost the economy in southwest Minnesota. The project will create up to 230 jobs at peak construction and up to 15 full-time jobs when operational, in addition to providing opportunities for local businesses to provide goods and services for the project.

The wind farm is also anticipated to result in increased tax revenue of more than US$1.1 million annually to local units of government, as well as diversify land use and provide stable income to landowners through lease payments.

In addition to Nobles 2, Tenaska has another wind farm in construction, the 242 MW Tenaska Clear Creek Energy Center in northeast Missouri, US.

Read the article online at: https://www.energyglobal.com/wind/11112019/tenaska-closes-us158-million-financing-for-wind-project-in-southwest-minnesota-us/