Winchester City Council Monday opened bids to construct an electricity-generating wind turbine at Vision Industrial Park and approved the third and final reading of an ordinance permitting the lease of Vision Park property by the Winchester Redevelopment Authority until the bonds are paid off.
The project’s goals are to reduce the city’s operating costs and to create a new revenue source for the city. The project calls for installation of a 850 kW Gamesa turbine. The 3-blade turbine will be 306 feet high with the blades extended.
Performance Services Business Development Manager Tony Kuykendall at council’s Sept. 17 meeting said the revenue stream from the turbine will pay for the bond obligation without any tax dollars being used. The city has a feed-in tariff agreement with Indiana Michigan Power (AEP) that establishes a specific rate the utility will pay for renewable power that is guaranteed for 20 years with a 2.5 percent annual escalation. The turbine will deliver power to the Indiana-Michigan distribution system and the city will be paid revenues according to the feed-in tariff.
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