Wind Works Company
has served as the early-stage developer, and is selling the project for $1,000,000.00 plus the cost of a single turbine ($2,250,000.00)
for a total of $3,250,000.00.
1 The size of the project is arbitrary; the available capacity of the transmission line is 200 MW.
2 GE Turbines are assumed in all calculations. The actual equipment to be used has not been specified.
3 Additional access for component shipment can be obtained via the Burlington Northern railroad, which crosses through the prospect. There is availability to a spur and off-loading facility at the Cotton Plains Warehouse within the prospect.
4 This assumes a turn-key installed project cost of $2,250,000.00 per turbine.
5 Hub height of the GE 1.6-82.5 is 80 or 100 meters (GE offers two tower heights); data is taken at 279 feet (~85 meters.)
6 Section 1603 of Public Law 115-5 provides for a 30% cash payment of the cost basis of the property. This only applies if the property is placed in service by the 31st of December, 2011. The cash grant would be $40,000,000.00 on this project.
Wind data for the first year, taken at hub height (5) indicates an average wind speed of 18.09 miles per hour (mph) or 8.09 meters per second (m/s). The wind speed will continue to be sampled through February 2012 for a complete two-year study.
10,000 acres will be under lease. This allows for a signicant buffer zone to the project, and enough land under lease to expand the project at some future time. The leases are assignable, provide for a three-year build term, and are perpetual so long as electricity is produced.
This is a 96 MW (1) wind project which will consist of 60 GE 1.6 megawatt turbines (2) located in Jackson County, Oklahoma. The project will connect to the Southwest Power Pool (SPP), via a 138 kVA line owned by AEP connected at a substation located just south of the town of Altus, Oklahoma. This transmission line runs in an east-west orientation connecting the towns of Altus and Snyder. Construction equipment and turbine components (3) will come to the site via US Highway 62 and US Highway 283.
The installed cost of the project: $135,000,000.00. (4) This includes the cost of the early-stage development, permitting, engineering, construction, equipment purchase, transportation, balance-of-plant, PPAs, and the on-site Operations and Maintenance (O&M) facilities.
It would be possible (but would require an immediate cash commitment) to finish this project and get power-on by December 31st, 2011 qualifying the project for the American Recovery and Reinvestment Act of 2009 (Obama Stimulus). In order to do so, immediate steps must be taken.
Wind Works Company will control the site with 99 assignable leases.
These leases have a three year primary term, which is paid in full. That gives the buyer of the project three years from May 1, 2011 to begin producing electricity. This should allow for sufficient time to market the project, complete the engineering studies, sigh Power Purchase Agreements, and of course, build out the project to completion.
Primary Term:
3 years for construction from May 2011
Production Term:
Into perpetuity (as long as electricity is sold.)
Price per acre when produciong:
$60.00 per acre.
Acres to be leased: 10,000 acres.
Data was measured at heights of 279 feet (85 meters) and 213 feet (65 meters) the hub heights of a GE 1.6 MW turbine. The average wind speed at 279 feet is 18.09 miles per hour; and at 213 meters is 16.22 miles per hour. The minimum tempature was 8.8 degrees and the maximum was 104.5 degrees Fahrenheit. Data has been taken continuously since February 17, 2010 to the present. The entire raw data file, taken at 10 minute intervals, is available to the purchaser, and part of the sale. NRG precision equipment, including ice - free sensors were used throughout the monitoring period.
Texas Wind Farm project ~ info coming soon!
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We work together with communities to assure that our projects have approved public perception.
Oklahoma Wind Farm Project:
City of Altus
Jackson County Commission
Economic Development Commission
David founded Wind Works Company in 1999, developing a unique niche in finding the right sites on which to build wind farms. Wind Works Company now has a staff of experienced land agents who 'drive the lines' looking for sites along the existing transmission grid to find spots that meet the particular requirements of a wind farm.
Located in Dallas / Ft. Worth area, Wind Works Company specializes in the Great Plains. David Eyerly first got into alternative energies in the 1970's, when he worked with a team to build Hydrogen Powered Cars. In the late 1990's, David worked with enXco as a Project Manager for the Spearsville, Kansas Wind Farm.
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