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Bright Canyon Energy buys into Tenaska wind projects
Transactions - JANUARY 8, 2020

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Bright Canyon Energy buys into Tenaska wind projects

by Kali Persall

Bright Canyon Energy, a subsidiary of Pinnacle West Capital Corp., has acquired ownership interests in two wind projects developed by Nebraska-based independent energy company Tenaska. Financial terms were not disclosed.

The transaction, which closed in December, includes the purchase of indirect minority interests in both Tenaska Clear Creek Wind, which owns Tenaska Clear Creek Energy Center in Missouri, and Nobles 2 Power Partners, which owns the Nobles 2 wind farm in Minnesota. Both projects are under construction and anticipated to be fully operational in 2020.

“We have found a strong partner for these valuable wind assets in Bright Canyon,” said Dave Kirkwood, senior vice president of finance at Tenaska in a statement. “These projects are well positioned having long-term power purchase agreements, and we are pleased to have Bright Canyon on board as we approach completion of construction.”

Tenaska has developed 10,500 megawatts of natural gas–fuel

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