Xcel Energy signed a deal through a power purchase agreement with NextEra to develop a 152-megawatt wind farm in northeastern Colorado. The farm will be called the Northern Colorado Wind Facility. The exact location of the farm is at northern Colorado’s Peetz Table. Currently this location is home to two wind farms that generate 400 MW.

Xcel Energy, a Denver based company, chose NextEra out of many proposals that totaled more than 2,400 MW of wind power.
The project is estimated at $300 million but will generate enough power for about 38,000 homes. This farm will be the fifth largest wind farm in existence.
The deal for the wind farm will go through if approved by the Colorado Public Utilities Commission.

A wind farm consists of many wind turbines use to produce electrical power. A large wind farm will have anywhere from 24-100 turbines. The land between turbines can be used for agriculture. Farm Plus Financial utilizes various government guaranty programs in the process of financing wind farms in Colorado and many other States.  If you’re interested in financing a wind farm click here or call #866-383-5585.

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