Guzman Energy and Leeward Renewable Energy have executed a power purchase agreement (PPA) for the 145-MW Panorama Wind Farm in Weld County, Colorado.
The project will be Leeward’s third project in Weld County, bringing its total installed capacity in the county to 617 MW, reflecting an aggregate capital investment of over $850 million.
“Electric cooperatives, municipalities and tribes are clear that they want access to affordable, reliable and clean energy. The Panorama Wind Farm will be an important source of power for our current and future customers in Colorado, New Mexico and Wyoming who are seeking reliable power at reliable prices,” said Guzman Energy CEO Chris Riley. “It makes strategic sense for Guzman Energy to be part of the Panorama Wind Farm as we continually leverage both owned and contracted energy sources to meet our customers’ needs.”
The Panorama Wind Farm is expected to generate enough electricity to power approximately 53,000 homes and will contribute to Colorado’s goal of 100% green energy generation by 2040. Additionally, the project will create 185 jobs during peak construction and permanent renewable energy jobs in the community.
“Leeward is pleased to partner with Guzman and provide an important source of affordable, clean power to its customers in communities across Colorado, New Mexico and Wyoming,” said Jason Allen, Leeward CEO. “In addition to helping Colorado meet its green energy goals, this agreement is a testament to the momentum of our ambitious growth plan and continued commitment to wind power.”
Construction of the facility begins in early July and is projected to be completed in December 2021. The Panorama Wind Farm will consist of over 60 wind turbines supplied and commissioned by Vestas-American Wind Technology. Leeward will own and operate the wind farm.
