CPV Renewable Energy
Sale of 131 MW Cimarron II Wind Project to:
Duke Energy Renewables
Duke Energy Renewables, a commercial business unit of Duke Energy, has built and now owns and operates the 131 MW Cimarron II Windpower Project in Gray County, Kansas approximately 200 miles west of Wichita. The company purchased the fully developed and contracted wind power project from the Silver Spring, Maryland-based CPV Renewable Energy Company. Kansas City Power & Light will purchase all of the electricity and associated renewable energy credits produced by Cimarron II under the terms of a 20-year agreement.
Marathon Capital acted as exclusive financial advisor to CPV Renewable Energy Company.
Duke Energy Renewables started construction of the Cimarron II Windpower Project in the fall of 2011 and achieved commercial operation in June 2012. The wind farm, which is sited on 16,000 acres of leased farmland, generates enough electricity to power nearly 40,000 homes. “Duke Energy Renewables is pleased to acquire this high-quality wind power project from CPV Renewable Energy and looks forward to helping Kansas City Power & Light deliver zero-emission electricity to its customers,” says Duke Energy Renewables Senior Vice President Tony Dorazio.