LOVINGTON, N.M. (AP) – Lea County Electric Cooperative has signed a 20-year contract with Dallas-based Kairos Energy LLC to buy electricity from a 28.8-megawatt wind farm.
Kairos Energy’s website says the project to be built near Lovington in southeastern New Mexico is to break ground in July and be in operation by May 2012.
The wind farm will consist of a dozen 260-foot tall wind turbines and will be partnered with the cooperative’s gas-fired generation engines now under construction.
The gas-fired engines coupled with the wind farm will allow the cooperative to move 40 megawatts of electricity off the Xcel Energy system.
The cooperative currently buys most of the 194 megawatts of electricity to meet customer needs from Xcel.
The cooperative’s executive director, Gary Hurse, says the project is a hedge against price increases.
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