Jessica Dailey

USDA Grants $204 Million Loan for 100 Turbine Wind Farm in South Dakota

by , 02/10/11
wind power, wind farm, wind turbines, basin electric power cooperative, prairiewinds, wind farm south dakota

Photo by Docucon

The U.S. Agriculture Secretary Tom Vilsack announced yesterday that Basin Electric Power Cooperative will receive a $204 million loan to build a wind farm in South Dakota. The system will have more than 100 wind turbines and will generate 151.5 megawatts of electricity for 2.8 million customers in nine states. Using the President’s words, Vilsack said the investment will help us “win the future.”

wind power, wind farm, wind turbines, basin electric power cooperative, prairiewinds

Photo by Docucon

The loan from the USDA Rural Development program covers 60 percent of the total $340 million cost of the wind farm. It provides the financing for the engineering, procurement, construction, and commissioning of the project. The other 40 percent of the cost is a mix of public and private investments. PrairieWinds, a subsidiary of Basin Electric, will construct the wind turbines, which will be operated by The Wind Partners, and Basin Electric will then purchase the power through PrairieWinds. More than 135 distribution systems will receive the renewable energy.

Basin Electric developed its first wind project in 2001 in South Dakota and has gone on to build several more across both the Dakotas. In 2009, PrairieWinds built a 120 megawatt wind farm in North Dakota, its largest until now. When the South Dakota wind farm is complete, the company will have more than 700 megawatts of wind power generation.

WHY THIS MATTERS

By harnessing the wind to provide electricity, Basin Electric is reducing its need for fossil fuels, thus helping to mitigate global warming.

+ Basin Electric Power Cooperation

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3 Comments

  1. Lorin June 1, 2011 at 10:47 am

    There’s a sceert about your post. ICTYBTIHTKY

  2. stevecraig February 10, 2011 at 5:05 pm

    For more energy-saving tips, check out what Mega Watt has to say: http://www.youtube.com/watch?v=mUNISl0mr5g

  3. observer_mike February 10, 2011 at 2:05 pm

    IS this project financially viable? Im trying to understand the dollar and cents return on investment. Here is my math. What am I missing?

    its expected that wind farm to generate 151 megawatts of electricity.
    151 mw = 151 REC (renewable energy credits).
    151 REC x $400 a piece – $60400

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