Apex Clean Energy, a developer of wind energy projects, has signed an agreement to sell the last 50 megawatts of capacity from its Grant Wind project to Western Farmers Electric Cooperative.
This agreement is the second such transaction between WFEC and Apex Clean Energy. The agreement for the first 100 MW phase was signed in November 2013. The project, which will produce enough electricity to power more than 56,000 homes, is expected to come online in 2015.
Over its lifetime, the Grant Wind project is projected to provide more than US$28.7 million in tax revenue to fund community schools, roads and other local needs. Approximately $1 million will be paid annually to Oklahoma landowners who hold leases for the Grant Wind project. Additionally, it is estimated the project will bring more than $182 million in economic activity to the Grant County area with approximately 61 jobs for the construction and operation of the wind farm.