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Apex suspends Crab Orchard Wind project
Credit: Crossville Chronicle | June 9, 2017 | www.crossville-chronicle.com ~~
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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.”
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