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Wind blows again on Purdue energy project 

Credit:  Written by Hayleigh Colombo | www.jconline.com 13 September 2012 ~~

One of the county’s proposed wind energy projects is moving forward again despite the looming expiration date of a federal tax credit.

A 100-megawatt energy project to be built on Purdue University-owned farmland and privately owned property now will move forward in phases, Tippecanoe County Commissioner Tom Murtaugh said after a meeting Thursday with Indianapolis-based project leader Performance Services.

“The project is moving forward,” he said. “But not the whole thing at once, as they’d originally planned.”

The company said in April that the project would be delayed into 2013 as it sought a power purchase agreement and financial backers. It was supposed to be up and running by Dec. 31, the expiration of the Production Tax Credit.

“They’re moving forward as if the tax credits will not be renewed,” Murtaugh said. “They’re not relying on them as part of the financial model.”

Talks of the Performance Services private partnership started in 2011. Plans for a Purdue wind park go back to 2005.

Source:  Written by Hayleigh Colombo | www.jconline.com 13 September 2012

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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