The World's #1 Renewable Energy Network for News, Information, and Companies.
Untitled Document

OwnEnergy Project Sale to NextEra Epitomizes Community Wind

Community wind company OwnEnergy has closed a transaction for NextEra Energy Resources to acquire, construct and operate the Blackwell Wind Farm, an Oklahoma project developed by OwnEnergy and slated to be completed by the end of next year.

As reported last week, the clean, renewable energy produced at the facility will be sold under a long-term contract to Oklahoma Gas & Electric, which will use the output to supply Oklahoma State University. The Blackwell project is strategically located just up the road from the Stillwater campus. It will provide up to 150 jobs during construction and approximately three full-time operations jobs once the facility is completed, in addition to enhanced economic development for the region due to the community-wind nature of the project.

The Blackwell Wind Farm was initiated three years ago as a community wind project by a local landowner, David Savage, who partnered with OwnEnergy and other local investors. Savage had held an interest in renewable energy for some time when he met officials from OwnEnergy in 2008 at AWEA’s annual WINDPOWER Conference & Exhibition. There, Savage learned about the company's focus on the community wind model, under which an ownership interest is retained in the community and profits are therefore funneled back locally, creating additional jobs, wages, business income and local pride. "This wind project will have a significant economic impact on the Blackwell community, and I am very pleased to have had a hand in making it happen," said Savage.  

OwnEnergy will receive a royalty payment from the project throughout its life. Jacob Susman, founder and CEO, said, "This is an exciting opportunity for all the parties involved, including OwnEnergy, our local Blackwell partners and investors, OG&E, and Oklahoma State University."

Carl Levesque is the communications editor at AWEA. This article first appeared in the AWEA Windletter and was reprinted with permission from the American Wind Energy Association.

Untitled Document

RELATED ARTICLES

Solar Making Big Gains in the Land of the Rising Sun

Vince Font The Land of the Rising Sun is living up to its nickname. According to a new report from the SolarSuperState Associati...

States Already Seek To Delay Clean Power Plan

Andrew Harris, Bloomberg Fifteen states led by coal-rich West Virginia asked a federal court to stall Obama administration rules intended to c...

Stolen Solar Panels and Sabotage A Challenge for Powering India With Renewable Energy

Anindya Upadhyay, Bloomberg Disappointment spread across Tarun Singh’s face when he saw that parts of his solar power microgrid in eastern India’...

PRESS RELEASES

Array Technologies’ DuraTrack HZ v3 Continues to (R)evolutionize at SPI

Array Technologies, Inc. (ATI) prepares to showcase its recently launched tracking syst...

Appalachian's Energy Center assists counties with landfill gas to energy projects

The Appalachian Energy Center at Appalachian State University recently completed a proj...

Redesigned HydroWorld.com Video Gallery

Hydropower news and information, and interesting promotional announcements are now avai...

30 days to GRC Annual Meeting & GEA Geothermal Energy Expo

The Geothermal Resources Council (GRC) has announced that it is only 30 days to go to t...

FEATURED BLOGS

The Coming Multi-trillion Dollar Energy Investment Drive

In coming years, a multi-trillion dollar low-emission energy investment drive will get underway. Three catalysts wil...

Appalachian's Energy Center assists counties with landfill gas to energy projects

Activity supported with Z. Smith Reynolds Foundation funding BOONE—The Appalachian Energy Center at Appalachia...

Discounted Room Rates for Geothermal Event end Friday

Discounted room rates for GRC Annual Meeting & GEA Geothermal Energy Expo end Friday Room rates for this prestigi...

3 Reasons To Follow-Up

It’s very important to begin nurturing your relationship with a customer immediately after the project you sold...

FINANCIAL NEWS

Carl is Editor & Publications Manager at the American Wind Energy Association, where has worked since 2006. At AWEA he oversees AWEA's online and print publications including the Wind Energy Weekly, Windpower Update, and other products. He has wor...

CURRENT MAGAZINE ISSUE

Volume 18, Issue 4
1507REW_C11

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

SOCIAL ACTIVITY

Tweet the Editors! @jennrunyon

FEATURED PARTNERS



EVENTS

Doing Business in South Africa – in partnership with GWEC, the Glob...

Wind Energy in South Africa has been expanding dramatically, growing fro...

International Energy and Sustainability Conference 2015

The fourth International Energy and Sustainability Conference will be he...

Wind Operator Congress Europe

The UK’s only business-focused O&M event for the European wind...

COMPANY BLOGS

Clean Energy Patents Maintain High Levels in First Quarter, Solar L...

U.S. patents for Clean Energy technologies from the first quarter of 201...

Koch Professor drops his Koch title, still makes same errors plus s...

The Koch Professor’s title isn’t the only thing that’s...

Fact Check: AWEA represents American wind power

The American Wind Energy Association (AWEA) is proud of its members for ...

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS