On October 11, 2022, Clearway Energy Group announced a set of long-term power purchase agreements (PPAs) with PacifiCorp, a Berkshire Hathaway subsidiary, to directly support the construction of two wind energy projects: the 280 MW Two Rivers Wind Project, which is jointly developed and owned with BluEarth Renewables and located in Wyoming, and the 152 MW Cedar Creek Wind Project, located in Idaho. Both projects are contracted under 25-year PPAs. Wilson Sonsini Goodrich & Rosati represented Clearway Energy and the joint venture with BluEarth Renewables in the transactions.
The 280 MW Two Rivers Wind Project in Carbon and Albany counties, Wyoming, will generate enough electricity to power over 100,000 homes each year. The project, which was initially developed by Intermountain Wind, is expected to create over 275 jobs during construction as well as multiple permanent positions, and represents a $500 million investment in Wyoming’s economy.
Clearway acquired the 152 MW Cedar Creek Wind Project in 2021 from rPlus Energies. Located in Bingham County, Idaho, the project will generate enough electricity to power 41,000 homes each year. Cedar Creek Wind is expected to create more than 175 jobs during construction and represents a $250 million investment in Idaho’s economy. Both projects are expected to reach commercial operations in 2024.
The Wilson Sonsini team that advised Clearway Energy and the joint venture with BluEarth Renewables on these transactions includes Peter Mostow, Hershel Wein, Brandon King, Karli McConnell, Stephanie Phillips, and Blake Holbrook.
For more information, please see Clearway's press release.