Geronimo Energy News – Geronimo Energy Secures Financing for Multiple Wind and Solar Projects

The first few months of 2015 have been an exciting time for Geronimo Energy. Since January, Geronimo has sold four renewable energy projects to distinguished energy investors and is close to finalizing the sale of a fifth project. Each investor will construct, own and operate their acquired Geronimo projects. Geronimo and our investors, as well as landowners and subscribers, are eager for these developments to start construction, which is estimated to occur in 2015 – 2016. Each project will bring substantial economic impact to the local host area, including increased tax revenue, job creation and charitable contributions.

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The Investors and Projects

BHE Renewables

BHE Renewables, a subsidiary of Berkshire Hathaway Energy, recently acquired three Geronimo Energy developments: the Grande Prairie Wind Farm, the Walnut Ridge Wind Farm and a portfolio of Minnesota solar project developments.

The Walnut Ridge Wind Farm is a wind farm development in Bureau County, Illinois with approximately 14,500 acres and up to 225 megawatts (MW) in the total projected footprint. In October, 2014, the General Services Administration of the United States Federal Government entered into a Power Purchase Agreement (PPA) for 140 MW of Walnut Ridge’s 225 MW capacity. The 225 MW project is estimated to produce approximately 865 gigawatt hours of electricity annually, eliminating an estimated 600,000 metric tons of carbon dioxide equivalent emissions each year.

The Grande Prairie Wind Farm is a wind farm development in Holt County, Nebraska with over 50,000 acres and 400 MW in the total projected footprint. In October, 2013, Omaha Public Power District entered into a PPA for the entire 400 MW of Grande Prairie. The PPA is estimated to produce over 1,550 gigawatt hours of electricity annually, eliminating an estimated 1 million metric tons of carbon dioxide equivalent emissions each year.

BHE also acquired a portfolio of seven solar developments throughout the state of Minnesota. Construction of the Solar Portfolio is anticipated to occur in 2016 and is being marketed towards Xcel Energy’s Solar Rewards Community Program. Current subscribers to the Solar Portfolio include individuals, non-profits and corporations.

Sempra U.S. Gas & Power

Geronimo is pleased to announce that Sempra U.S. Gas & Power, a subsidiary of Sempra Energy, has acquired the Black Oak Getty Wind Farm in Stearns County, MN. Black Oak Getty Wind Farm has approximately 12,000 acres and up to 78 MW in the total projected footprint. In September, 2013, Minnesota Municipal Power Agency (MMPA) entered into a long-term PPA for 100% of Black Oak Getty Wind Farm’s output. Black Oak Getty is estimated to produce approximately 300 gigawatt hours of electricity annually, eliminating an estimated 207,451 metric tons of carbon dioxide equivalent emissions each year.

Xcel Energy

On April 30, 2015, Xcel Energy announced that it was seeking regulatory approval from the Minnesota Public Utilities Commission (MN PUC) and the North Dakota Public Services Commission (ND PSC) to construct, own and operate the Courtenay Wind Farm in Stutsman County, North Dakota. Courtenay is a 200 MW wind farm development with an estimated 25,000 acres in its footprint. In 2013, Xcel Energy agreed to purchase the power generated by Courtenay as part of a 750 MW wind power addition to Xcel’s service area. The 200 MW project is estimated to produce approximately 750 gigawatt hours of electricity annually, eliminating an estimated 515,000 metric tons of carbon dioxide equivalent emissions each year.

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