| Wind Watch is a registered educational charity, founded in 2005. |
Apex suspends Crab Orchard Wind project
Credit: Crossville Chronicle | June 9, 2017 | www.crossville-chronicle.com ~~
Translate: FROM English | TO English
Translate: FROM English | TO English
The controversial wind turbine project planned for eastern Cumberland County has been suspended by the developer.
Apex Clean Energy announced the decision Friday afternoon.
“Based on current market conditions and the project’s fundamental qualities, we have decided not to make this significant investment at this time,” Harry Snyder, development manager, wrote. “Our work on the Crab Orchard Wind project will be therefore suspended until market conditions change to make the project more competitive.”
The estimated $100 million project was first announced in January 2016. The Charlottesville, VA-based energy company had proposed to build 20 to 23 wind turbines to produce 71 megawatts of power annually.
Snyder said Apex continues to evaluate prospective projects throughout the development phase.
“There are several important inflection points at which we determine whether the fundamental attributes of the project support a continuing investment in that project,” Snyder wrote. “We have come to such an inflection point on the Crab Orchard Wind project.”
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.
| Wind Watch relies entirely on User Contributions |
 (via Stripe) |
 (via Paypal) |
Share:
[ Short URL: https://wind-watch.org/news/?p=83163 ]
| Tag: Victories |
