Western Wind Energy has signed a 20-year power purchase agreement with the Puerto Rico Electric Power Authority (PREPA) for a 30MW project. The company also agreed a 40-year land lease with the Puerto Rico Land Authority for a 401-acre plot in the municipality of Yabucoa.
With the majority of the environmental approvals complete, Western Wind is in the final permitting, EPC, tax structuring and financial negotiation stage of the project. Construction is expected to start before the end of 2011 at an anticipated total cost of US$150 million.
“We are honoured by the opportunity to build, own and operate one of the first large-scale solar photovoltaic generating facilities in Puerto Rico,” said Jeff Ciachurski, CEO of Western Wind. “In this effort, we are deeply grateful to the vision and dedication of the PREPA, the Land Authority of Puerto Rico, the Mayor and the citizens of Yabucoa and the tireless efforts of the many people within numerous government agencies who have set the course of leadership in the pursuit of energy independence, energy conservation and a meaningful reduction in global greenhouse emissions.”