October 9 (Renewables Now) - Michigan regulators have greenlighted an application by utility Consumers Energy for the acquisition of a 166-MW wind park in the state’s Hillsdale County.
The principal subsidiary of CMS Energy (NYSE:CMS) will become the owner of the facility once it becomes operational, the Michigan Public Service Commission said on Monday. The project’s design, engineering, construction, testing and commissioning will be undertaken by Crescent Wind LLC, which will bring the power plant online on or before December 31, 2020.
According to Consumers Energy, the Crescent wind park’s output will have a 31-year levelised cost of energy of around USD 48 (EUR 43.8) per MWh, given that the utility qualifies for the full value of the federal production tax credit (PTC). The installed cost for the project, meanwhile, is estimated at USD 1,506 per kWh, which is lower than the assumed cost of USD 1,560/kWh given in Consumers Energy's renewable energy plan that was approved in February.
(USD 1.0 = EUR 0.913)