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BKH - Black Hills News Story

$69.86 -0.6  -0.8%

Last Trade - 22/04/21

Sector
Utilities
Size
Large Cap
Market Cap £3.18bn
Enterprise Value £5.95bn
Revenue £1.22bn
Position in Universe 1506th / 6851

Black Hills Corp. Completes 52.5-Megawatt Corriedale Wind Energy Project and Begins Commercial Operations

Tue 1st December, 2020 9:15pm
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CHEYENNE, Wyo., Dec. 01, 2020 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE:
BKH) today announced that the company has completed construction on its $79
million Corriedale Wind Energy Project near Cheyenne, Wyoming, and the project
is producing wind energy for customers who subscribed to its Renewable Ready
Program.

The 52.5-megawatt wind generation project is jointly owned by the company’s
affiliate electric utilities, South Dakota Electric and Wyoming Electric. The
project’s output is fully subscribed and will serve large commercial and
industrial customers and governmental agencies through voluntary renewable
energy tariffs.

“We are delivering on our responsibility to provide clean energy and
creative solutions as the energy provider of choice for our customers,” said
Linn Evans, president and CEO of Black Hills Corp. “Completing this
renewable energy project on schedule and on budget for our customers during
the ongoing COVID-19 pandemic is a testament to our team’s ability to
deliver results.”

Building on the company’s history of generation innovation, the Corriedale
project includes a suite of digital wind power tools to improve turbine
performance. The customized wind turbine analytics software, combined with
project design enhancements, should increase annual energy production of the
21 wind turbines, each rated at 2.5 megawatts, by up to 7%.

The Renewable Ready Program provides customers cost-effective, utility-scale
renewable energy for up to 100% of their electric energy needs. The project is
located on a 5,000-acre site in Laramie County near Cheyenne, Wyoming, taking
advantage of one of the best wind resources in the United States.     

“I would like to thank the South Dakota and Wyoming policymakers, area
landowners and customers who supported making this project a reality,”
continued Evans. “This project provides local jobs, property taxes and lease
payments to local landowners, benefitting the local community for decades to
come.”

With the completion of Corriedale, Black Hills Corp. now owns and operates
approximately 281 megawatts of renewable wind generation with an additional
132 megawatts of wind energy under contract, representing 25% of the
company’s total owned generation plus long-term purchased power.

Black Hills Corporation
Black Hills Corp. (NYSE: BKH) is a customer focused, growth-oriented utility
company with a tradition of improving life with energy and a vision to be the
energy partner of choice. Based in Rapid City, South Dakota, the company
serves 1.28 million natural gas and electric utility customers in eight
states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and
Wyoming. More information is available at www.blackhillscorp.com.

Investor Relations
Jerome E. Nichols
605-721-1171
jerome.nichols@blackhillscorp.com 

24-Hour Media Relations Line
888-242-3969

(https://www.globenewswire.com/NewsRoom/AttachmentNg/56b34e64-17c6-4ecf-a4f6-b7848f82cfeb)



GlobeNewswire, Inc. 2020
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