in News Departments > New & Noteworthy
print the content item

Western Wind Energy Corp., through its subsidiary Windstar Energy, has been awarded a Section 1603 cash grant in the amount of $78.3 million for its 120 MW Windstar wind farm, located in Tehachapi, Calif. However, the company says the grant received was $13.2 million less than the amount it originally submitted to the U.S. Department of the Treasury.

The company claims that "changes in the administration of the program" by the Treasury reduced the amount of the grant. While it did not provide specifics, Western Wind says that that Treasury revised its position on developer fees.

After analysis by external counsel and tax advisors, Western Wind maintains the developer fee included in the application was proper. The company says it will continue to work with the Treasury and anticipates receiving the remaining balance from its Windstar cash-grant application.


Trachte Inc._id1770
Latest Top Stories

Renewables Make Up Over 50% Of New U.S. Power In First Half Of 2014

According to a recent government report, renewable energy sources, such as wind and solar, continue to dominate new electric generating capacity.


Suzlon Facility Lends Key Assist In Developing 'The Wind Technicians Of Tomorrow'

The turbine manufacturer’s Elgin, Ill.-based training facility is the culmination of a program that puts a new twist on a proven method of instruction.


Having Their Say: CanWEA Clarifies True Source Of Canadian Wind Success

The Canadian Wind Energy Association (CanWEA) takes issue with a recent report summary regarding various renewable energy policies in North America.


FWS Issues Landmark Eagle Take Permit: What Does It Mean For Wind Projects?

The U.S. Fish and Wildlife Service's (FWS) recent decision has far-ranging implications for operating wind farms, as well as for those under development.


'Significant' Opportunity Exists Within Wind Energy's O&M Services Market

An increasing number of wind turbines are nearing the end of their warranty period, creating significant revenue-generating opportunities within the wind turbine operations and maintenance (O&M) sector.

Renewable NRG_id1934