AltaGas sold its 50% stake in a 29.04 MW wind project in Huerfano County, Colo., for $16 million after sale to an independent power producer linked to the project’s utility offtaker won regulatory approval.

Black Hills Electric Generation has bought the stake in the Busch Ranch I wind farm, a little less than two months after filing paperwork for the acquisition with the U.S. Federal Energy Regulatory Commission (PFR, 10/18).

Black Hills Corp., which already owned the other half of the project, also owns Black Hills Electric Generation and Bush Ranch I’s offtaker Colorado Electric. The Busch Ranch I facility has a power purchase agreement with Colorado Electric that runs until October 2037.

Black Hills Electric Generation is also building the 60 MW Busch Ranch II wind project adjacent to the existing facility that is expected to come online by the end of next year. It has a 25-year PPA with Colorado Electric. The project is expected to cost $71 million. (PFR 5/18).

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