Today, Wind Works Power Corp. announced that the company has submitted a letter of intent with the North Dakota PSC to enter the permitting process for Thunder Spirit, a 150 megawatt (MW) wind energy project in North Dakota.
Thunder Spirit recently emerged from a 5-year Midwest ISO (MISO) study process as the winning project, as it has almost no electric transmission system upgrade requirements and is located in one of the highest wind energy resource areas in MISO. This combination results in uniquely superior economic attributes of the Thunder Spirit wind farm project, which has the ability to supply green, renewable energy at the lowest cost to utilities and their ratepayers.
Thunder Spirit can connect into the Midwest ISO power market, subject to completion of an Interconnection Agreement. The company is still discussing the tenants of the Power Purchase Agreement. Construction costs for the project are estimated at $300 million.
“With our recently announced $20 million financing for Thunder Spirit, we are eager to continue our ongoing discussions regarding a Power Purchase Agreement and permitting in order to get the project construction ready within the next few months,” commented Dr. Ingo Stuckmann, Wind Works’ President and CEO. “Based on my experience developing the 180 MW Tatanka wind farm in North Dakota that became operational in 2008, we expect to start construction in 2012.”
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