Bear Creek, Pennsylvania
Bear Creek commenced operations on 14 March 2006 with a total installed capacity of 24 MW and an expected net energy output of 73.4 GWh per annum. The wind farm consists of 12 Gamesa 2.00 MW wind turbines and is located in Pennsylvania. Bear Creek has a net capacity factor of 34.9%.
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Key Information
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Funding
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Debt that was drawn to fund construction of the wind farm was repaid at the start of commercial operations. At the time, equity was provided by a combination of Class A and Class B members.
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Revenue
assurance
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All electricity is sold under long term off-take contracts with terms of 20 years with PPL Energy Plus.
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Customers
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PPL Energy Plus, guaranteed by PPL Energy Supply (rated BBB /Baa2).
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Operation
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Operations and maintenance contract for a 5 year term with Gamesa
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Land
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Land leases with 40 year terms
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IFN’s
percentage
ownership
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59.3% of Class B Membership interests in a company that holds both wind farms.
Remaining interest held by other Class B and Class A investors.
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Regulatory
regime
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USA Production Tax Credits
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