Ameren Missouri is seeking approval from state regulators to build a 299-MW wind facility in Atchison County.
The company, legally known as Union Electric Co., plans to acquire the Outlaw wind project from Enel Kansas LLC upon completion under a build-transfer agreement. Ameren Missouri said in its May 15 application that the build-transfer-own approach allows it to take full advantage of federal production tax credits, which is estimated to total $300 million.
The company plans to purchase of the wind facility using approximately 52% equity and 48% long-term debt. The debt portion will be funded from proceeds of one or more issuances, which will also need a separate approval from the state Public Service Commission.
The Outlaw wind project is the third and final project that the utility needs to comply with the Missouri Renewable Energy Standard. Construction is expected to begin in October and the project is scheduled to enter operations in 2020.
Ameren Missouri is requesting that the commission issue an order no later than Oct. 10. (Missouri PSC Case No. EA-2019-0181)
Ameren Missouri is a subsidiary of Ameren Corp., while Enel Kansas is a subsidiary of Enel SpA.