Arkansas Electric Cooperative Corp. (AECC) has signed a long-term power purchase agreement (PPA) to buy 108 MW of wind energy from the planned Drift Sand Wind Farm, located about 60 miles southeast of Oklahoma City, Oklahoma. The wind farm is scheduled to be in service by Dec. 31, 2016.
“AECC will be the sole recipient of energy from this wind farm,” says Duane Highley, president and CEO of AECC, a Little Rock-based wholesale electricity supplier. “Collectively, AECC will have more than 309 MW of wind energy once the new wind farm is commercially launched. As a not-for-profit, member-owned cooperative, we are committed to providing our members with the lowest-cost electricity available”
This is AECC’s third wind PPA since 2012. The generation and transmission cooperative also receives wind energy in Oklahoma and Kansas.
“The wind energy agreements provide our distribution cooperatives and their members with energy resources that are geographically diverse, reasonably priced and price-controlled over a long-term period,” Highley says. “AECC has long been dedicated to pursuing investments in a diverse generation portfolio to shield members against fuel cost spikes and shifts in federal energy policies.”