NorthWestern Energy to Acquire Wind Project from BayWa r.e. Wind LLC in South Dakota for $143M

NorthWestern Corporation d/b/a NorthWestern Energy

has entered into an agreement to purchase the recently constructed 80-megawatt Beethoven wind qualifying facility (QF) project located near Tripp, South Dakota. The $143 million purchase of the facility from BayWa r.e. Wind LLC includes 43 turbines and the rights to a 50MW expansion site adjacent to the existing facility. The project was completed in May 2015. "We're very excited to be investing in generation that will replace existing higher cost supply contracts for our South Dakota customers," said Bob Rowe, NorthWestern's CEO. "Our investment in reliable, long-term environmentally responsible energy supply based on the cost of production will benefit our customers for years to come." Florian Zerhusen, President and CEO of BayWa r.e. Wind, LLC. added, "Beethoven is a natural fit for NorthWestern to serve its customers with green energy and for our business plan which is to develop, build and sell turnkey projects for our customers. We are proud to have completed the construction of our fifth project in only three years and are seeking to do the same for utilities around the country." The energy and renewable energy credits associated with this project are currently included