Located in Guadalupe County, New Mexico, the projects will provide 200 MW of wind power generation over a 20-year period to Arizona Public Service Company (APS) under a previously announced agreement, with the capacity to generate up to 235 MW of renewable energy.

“Adding more renewable energy to our resource mix is integral to APS’s Clean Energy Commitment. We are striving to serve customers with 100% clean and carbon-free power by 2050 and partnerships like this to strengthen our already diverse portfolio are key to achieving that goal and securing a brighter future for Arizona,” said Justin Joiner, VP of resource management at APS.

The new projects are composed of 86 GE wind turbines capable of generating more than three times the amount of power produced by the legacy Aragonne Wind project while using 60% less land. All of the blades from the decommissioned Aragonne Wind turbines were recycled or reused, as well as a majority of the other materials removed from service. Construction financing and tax equity commitments secured for the projects were provided by Wells Fargo and Santander.

“This announcement is an important milestone for Leeward as it showcases our ability to deliver high value renewable energy facilities through innovation, long-term trusted relationships and by positively impacting the communities we serve,” said Andrew Flanagan, Chief Development Officer at Leeward. “We are pleased to be extending our long-standing partnership with APS and the trusted relationships we have built with Guadalupe County community for another 20 years.”

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Under a previously announced power purchase agreement with Arizona Public Service Company (APS), the projects, which will use GE wind turbine technology, will provide a combined 200 MW of wind power generation to APS over a 20-year period. The Aragonne Repower and Aragonne Mesa projects, both located in Guadalupe County, New Mexico, will help APS achieve its goal of delivering 100% clean, carbon-free electricity to its customers by 2050.

“We are excited to have completed the financings for our Aragonne projects in partnership with Wells Fargo and Santander – two well-respected leaders in the renewable financial community,” commented Chris Loehr, Chief Financial Officer at Leeward. “We are grateful to Wells Fargo and Santander for their partnership and investment as Leeward continues to modernize and expand our fleet of projects and deliver clean, renewable energy to our customers.”

Construction of the Aragonne Repower and Aragonne Mesa projects has already commenced and is expected to be completed by December 2021.

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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.

News item from Guzman Energy

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