The Colorado Public Utilities Commission (PUC) has given the go-ahead to the construction of a new wind farm in Colorado, US.
The approved settlement will allow Xcel Energy to develop, own and operate the Rush Creek Wind project.
The project was agreed at $1.09bn, allowing the cost savings to be shared between customers and the company if capital costs are less than the capped amount.
The 600MW wind farm will include two generation sites, and a 145km high-voltage transmission line to tie into Xcel’s electric system.
In total, the development will feature 300 turbines on and area of about 116,000-acres in Elbert, Lincoln, Kit Carson and Cheyenne counties.
PUC chairman Joshua Epel said: “I’m very pleased that almost 20 parties could join together and support a comprehensive settlement that significantly increases renewable energy in the state, will be a driver of economic development in rural Colorado, and helps sustain the renewable energy supply chain that has matured in Colorado.
“I am especially pleased that a high-voltage transmission line that provides access to energy resource zones is part of the settlement.”
Construction work is anticipated to commence in 2017, with commercial operations expected to start in late 2018.
* Data provided by Timetric's Construction Intelligence Center.