US-based renewable energy company Guzman Energy has signed a power purchase agreement (PPA) with Leeward Renewable Energy for the Panorama Wind Farm in Colorado.

The 145MW wind farm will be Leeward’s third project in Weld County and is expected to support Colorado’s goal of fully renewable energy generation by 2040.

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Guzman Energy CEO Chris Riley said: “Electric cooperatives, municipalities and tribes are clear that they want access to affordable, reliable and clean energy.

“The Panorama Wind Farm will be an important source of power for our current and future customers in Colorado, New Mexico and Wyoming who are seeking reliable power at reliable prices.

“It makes strategic sense for Guzman Energy to be part of the Panorama Wind Farm as we continually leverage both owned and contracted energy sources to meet our customers’ needs.”

The facility will be equipped with more than 60 wind turbines, which will be supplied and commissioned by Vestas-American Wind Technology.

Construction works at the site are expected to begin next month, with the project due to be completed by the end of this year.

In its construction phase, the project is expected to create a total of 185 jobs.

Upon completion, the wind farm will generate enough clean energy to power around 53,000 homes.

A portfolio company of OMERS Infrastructure, Leeward will own and operate the Panorama Wind Farm.

The project will increase Leeward’s total installed capacity in the county to 617MW, reflecting more than $850m of aggregate capital investment.

Leeward Renewable Energy CEO Jason Allen said: “Leeward is pleased to partner with Guzman and provide an important source of affordable, clean power to its customers in communities across Colorado, New Mexico and Wyoming.

“In addition to helping Colorado meet its green energy goals, this agreement is a testament to the momentum of our ambitious growth plan and continued commitment to wind power.”