The Federal Energy Regulatory Commission on June 6 approved Capital Power Corp.'s application to sell 100% class A membership stake in the planned 178-MW Bloom Wind Power Project to an affiliate of Goldman Sachs Group Inc.

The stake will be transferred to the investors in return for an initial capital contribution to Capital Power's CP Bloom Holdings LLC, which holds the ownership stake in the wind farm in Ford and Clark counties, Kan., and a 4.9-mile 345-kV transmission line.

The project holds a 10-year power purchase agreement with Allianz Risk Transfer Inc. (FERC docket EC17-105)