CSU said it's ready to apply for permits to build the wind farm on a Larimer County ranch owned by the university near the Wyoming border.
The university first announced plans for the wind farm in March 2007.
The operation would have at least 25 turbines.
The electricity would not be fed directly to the campus but rather would flow into the broader power grid that the campus and other users draw from.
Bill Farland, CSU's vice president for research, says he's optimistic the wind farm can get approval, be constructed and be producing power within two years.