Black Hills Corp. Completes 52.5-Megawatt Corriedale Wind Energy Project and Begins Commercial Operations

Rhea-AI Summary

Black Hills Corp. (NYSE: BKH) has completed its $79 million Corriedale Wind Energy Project in Cheyenne, Wyoming. This 52.5-megawatt facility is producing renewable energy for customers enrolled in the Renewable Ready Program. The project features 21 wind turbines and utilizes advanced digital wind power tools to enhance performance by up to 7%. Black Hills now operates approximately 281 megawatts of renewable wind generation, constituting 25% of its total generation capacity, benefiting local communities through job creation and taxes.

Positive

• Completion of the $79 million Corriedale Wind Energy Project on schedule and budget.
• Project utilizes advanced technology to enhance turbine performance by up to 7%.
• Increased renewable energy capacity to 281 megawatts, 25% of total generation.

Negative

• None.

CHEYENNE, Wyo., Dec. 01, 2020 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE: BKH) today announced that the company has completed construction on its $79 million Corriedale Wind Energy Project near Cheyenne, Wyoming, and the project is producing wind energy for customers who subscribed to its Renewable Ready Program.

The 52.5-megawatt wind generation project is jointly owned by the company’s affiliate electric utilities, South Dakota Electric and Wyoming Electric. The project’s output is fully subscribed and will serve large commercial and industrial customers and governmental agencies through voluntary renewable energy tariffs.

“We are delivering on our responsibility to provide clean energy and creative solutions as the energy provider of choice for our customers,” said Linn Evans, president and CEO of Black Hills Corp. “Completing this renewable energy project on schedule and on budget for our customers during the ongoing COVID-19 pandemic is a testament to our team’s ability to deliver results.”

Building on the company’s history of generation innovation, the Corriedale project includes a suite of digital wind power tools to improve turbine performance. The customized wind turbine analytics software, combined with project design enhancements, should increase annual energy production of the 21 wind turbines, each rated at 2.5 megawatts, by up to 7%.

The Renewable Ready Program provides customers cost-effective, utility-scale renewable energy for up to 100% of their electric energy needs. The project is located on a 5,000-acre site in Laramie County near Cheyenne, Wyoming, taking advantage of one of the best wind resources in the United States.     

“I would like to thank the South Dakota and Wyoming policymakers, area landowners and customers who supported making this project a reality,” continued Evans. “This project provides local jobs, property taxes and lease payments to local landowners, benefitting the local community for decades to come.”

With the completion of Corriedale, Black Hills Corp. now owns and operates approximately 281 megawatts of renewable wind generation with an additional 132 megawatts of wind energy under contract, representing 25% of the company’s total owned generation plus long-term purchased power.

Black Hills Corporation
Black Hills Corp. (NYSE: BKH) is a customer focused, growth-oriented utility company with a tradition of improving life with energy and a vision to be the energy partner of choice. Based in Rapid City, South Dakota, the company serves 1.28 million natural gas and electric utility customers in eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. More information is available at www.blackhillscorp.com.

Investor Relations
Jerome E. Nichols
605-721-1171
jerome.nichols@blackhillscorp.com 

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888-242-3969

FAQ

What is the Corriedale Wind Energy Project by Black Hills Corp. (BKH)?

The Corriedale Wind Energy Project is a 52.5-megawatt renewable energy project completed by Black Hills Corp. in Cheyenne, Wyoming.

How much did the Corriedale Wind Energy Project cost?

The project cost $79 million.

What is the Renewable Ready Program associated with Black Hills Corp. (BKH)?

The Renewable Ready Program offers customers cost-effective, utility-scale renewable energy for up to 100% of their electric energy needs.

How much renewable energy does Black Hills Corp. (BKH) operate after completing the Corriedale project?

After completing the Corriedale project, Black Hills Corp. operates approximately 281 megawatts of renewable wind generation.

What benefits does the Corriedale project provide to the local community?

The project creates local jobs and contributes through property taxes and lease payments to landowners.