Innergex Renewable Energy has announced the signing of a 30-year, 320MW power purchase agreement (PPA) with PacifiCorp, a Berkshire Hathaway subsidiary, for the electricity to be produced by the Boswell Springs wind project located in eastern Wyoming, USA.
The commercial operation date is scheduled during Q4 2024. The Boswell Springs project was selected in response to a competitive solicitation in PacifiCorp’s 2020 All-Source Request for Proposals, issued in July 2020 and is expected to benefit from 100% of the US Production Tax Credits (PTCs). Total construction costs of the Boswell Springs wind project are expected to amount to US$544 million. Excluding any financing structure which have yet to be concluded, operating cash flows from the Boswell Springs wind project are expected to reach approximately US$22.6 million (CAN$29.2 million) on an annual basis. The Boswell Springs PPA’s effectiveness is subject to the Wyoming Public Service Commission’s final written order granting the Certificate of Public Convenience and Necessity for Gateway South.