Salt River Project has signed an agreement to purchase 100 percent of the electricity generated from the newest wind energy farm planned for Arizona.
The Yavapai Wind Project, being built by NextEra Energy Resources, LLC, will be about 25 miles south of Seligman and Interstate 40 in Yavapai County.
The 25-year contract calls for the delivery of 99.2 megawatts of energy to SRP by Dec. 31, 2012, pending the necessary approvals. SRP also has the option to later buy about 20 megawatts of solar energy from a planned photovoltaic facility that could be built near the project’s wind turbines.
The project’s nearly 100 megawatts is about enough energy to power more than 22,500 average residential homes.
“The Yavapai Wind Project represents a significant increase in SRP’s commitment to renewable energy,” said John Coggins, SRP’s manager of resource planning and development. “This wind resource has zero fuel costs and zero emissions and will help increase our renewable-energy supplies without using water or adding carbon to the atmosphere.”
Under SRP’s Sustainable Portfolio, which was revised by its publicly elected Board of Directors earlier this week, SRP must secure sustainable and renewable resources to meet 20 percent of its retail energy needs by 2020.
“After input from stakeholders and our customers, SRP’s board finalized a plan to increase our renewable-energy targets and accelerate the time to achieve them,” said SRP associate general manager Richard Hayslip.
Combined with the output of the existing Dry Lake Wind Farm near Snowflake, the Yavapai Wind project will bring SRP’s purchase of Arizona-based wind energy to almost 225 megawatts, the most by any utility in Arizona.