Modest Wind Farms Play Better With Expiring Cash Grants and Credit Crunch

Date: 15 Nov 2010 | posted in: Energy, Energy Self Reliant States | 0 Facebooktwitterredditmail

Federal tax credits for wind energy projects are due to start expiring at the end of this year, which means developers face the prospect of dishing up proposals for wind farms that can’t be financed, said White, president of Project Resources Corp., a Minneapolis company that does ‘community wind’ development.

The answer, he and others in the community wind industry say, is to go smaller. Smaller projects, which are a hallmark of most community wind projects, are easier to finance and easier to connect to the power grid, they say.

Ironically, the smaller projects (5-20 megawatts) are also the least expensive per kilowatt of capacity

John Farrell
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John Farrell

John Farrell directs the Energy Democracy initiative at the Institute for Local Self-Reliance and he develops tools that allow communities to take charge of their energy future, and pursue the maximum economic benefits of the transition to 100% renewable power.