Credit: By ANGELO BRUSCAS of The Daily World and KEVIN HEIMBIGNER,
18 October 2011 ~~
NASELLE – The proposed Radar Ridge wind farm in Naselle may be scuttled by primary developer Energy Northwest, Grays Harbor PUD commissioners have been told, in part because the investors might be required to put up what amounts to a $10 million contingency fund as a hedge against environmental damage.
If the Energy Northwest project dies, so do chances of recouping the nearly $1 million already invested in the wind farm project by PUDs in Pacific, Clallam, Grays Harbor and Mason counties. Grays Harbor PUD has pulled out of the project, but hopes to get all or at least some of its money back if other investors carry it forward.
By ANGELO BRUSCAS of The Daily World and KEVIN HEIMBIGNER,
18 October 2011
This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.
The copyright of this article resides with the author or publisher indicated. As part of its noncommercial effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.