sPower Completes 30-year PPA for Wind Farm in South Dakota

220 MW to be developed in three counties

SALT LAKE CITY–(BUSINESS WIRE)–sPower, a leading renewable energy Independent Power Producer (IPP),
announced today that it has executed a 30-year Power Purchase Agreement
(PPA) for its Prevailing Wind Park Project in South Dakota. The project
is a 220 MW wind farm located in Charles Mix, Hutchinson and Bon Homme
counties, S.D., originally developed by South Dakota local development
group Prevailing Winds, who sold the project to sPower in October of
2017. The electricity generated by the project will be sold to a utility
under a 30-year PPA. sPower expects to begin construction of the project
later this year.

The expected electricity generated at full capacity is enough to meet
the consumption of up to 90,000 average South Dakota homes. This is
equal to avoiding more than 486,000 metric tons of CO₂
emissions annually, representing the equivalent of the greenhouse gas
emissions from 103,000 passenger vehicles driven over the course of one
year.

The project is expected to generate over $56,000,000 in tax revenue over
the life of the project, which will be shared among the three local
school districts, counties, townships and the state.

Ryan Creamer, sPower’s CEO, commented, “We are excited to be involved in
this great project that will provide so many benefits to the state of
South Dakota. The Prevailing Winds Project was a local idea that has
blossomed into a great Project that we are privileged to be a part of.”

About sPower: sPower,
an AES and AIMCo company, is the largest private owner of operating
solar assets in the United States. sPower owns and operates a portfolio
of solar and wind assets greater than 1.3 GW and has a development
pipeline of 10 GW+. For more information, visit www.sPower.com.

Contacts

sPower
Camille Press, 801-679-3542
Communications Specialist
[email protected]