Southern Company subsidiary Southern Power has announced an agreement to acquire the 299MW Kay Wind facility in Oklahoma from Apex Clean Energy. The acquisition is expected to close in late 2015 upon successful completion of the project.
The facility is being built and will be operated and maintained by Apex Clean Energy. Siemens has been awarded an order from Apex Clean Energy to supply, support installation and provide long-term service for 130 wind turbines for the Kay Wind project. Installation of the wind turbines is scheduled to begin this year, with the start of operations expected for the fourth quarter of 2015. The nacelles for the project will be assembled at the Siemens facility in Hutchinson, Kansas. The blades will be manufactured at the Siemens blade facility in Fort Madison, Iowa. Siemens’ Financial Services (SFS) Division has committed to fund up to US$ 80 million of the project's construction financing. The electricity and associated renewable energy credits (RECs) generated by the facility will be sold under 20-year power purchase agreements with Westar Energy, Inc. in Kansas and Grand River Dam Authority (GRDA) in Oklahoma.
