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Coastal-wind deal canceled 

Credit:  Marty Toohey, American-Statesman staff, www.statesman.com 2 December 2011 ~~

The European financial crisis has apparently reached all the way to the Texas coast.

Earlier this week, a Spanish company planning to expand its wind farm in Kenedy County scrapped its idea, according to Austin Energy, which had planned to buy up to 200 megawatts of the expanded facility’s generating capacity. The company informed Austin Energy it won’t sign the contract it had negotiated with the city.

“The deal we had, we don’t have now,” said Michael Osborne, who negotiated the contract as a special assistant to Austin Energy’s general manager.

City officials had been particularly excited about the deal because it would provide peaking power. It was the third coastal wind deal Austin Energy had sniffed out this year at that price. The other two deals will provide 291 megawatts of capacity, and those contracts have been signed, Osborne said.

Source:  Marty Toohey, American-Statesman staff, www.statesman.com 2 December 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 educational 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.

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