in News Departments > Projects & Contracts
print the content item

Minnesota-based Geronimo Energy has announced the acquisition of the up-to-225 MW Green River wind farm from Ireland-based Mainstream Renewable Power. Located in Illinois, the project is adjacent to Geronimo's 210 MW Walnut Ridge wind farm, which the company says is at the advanced stages of development.

Immediately following the acquisition, Geronimo says it took steps to qualify Green River under the production tax credit (PTC), which expired Dec. 31, 2013. Although the PTC was allowed to expire at the end of 2013, Green River will still be eligible to receive tax credits under the PTC for upwards of 10 years. Geronimo took the same steps for Green River's sister farm, Walnut Ridge.

Mainstream began working on Green River in 2009, with the acquisition of two transmission queue positions from FPC Services Inc. It encompasses 13,500 acres of land located approximately two hours southwest of Chicago. Geronimo says the area is primarily flat agriculture land that boasts tremendously competitive wind speeds for the Illinois PJM market.

"This acquisition benefits all interested parties," says Blake Nixon, president of Geronimo Energy. "It gives Geronimo flexibility and scalability when speaking with power purchasers - and it means the local communities have one point of contact, which keeps communication very simple. We feel that having two projects side by side in such a desirable market as Illinois strengthens the prospects for both developments."



IowaDeptEconDevel_id1863

Helukabel_id1908
Latest Top Stories

Bird Groups Target LEEDCo's Icebreaker Offshore Wind Pilot

Two bird conservation groups that helped halt a wind project earlier this year argue that Lake Erie Energy Development Corp.'s (LEEDCo) 18 MW offshore demo poses a major risk to regional wildlife.


Report Disputes U.S. Agency's Renewable Energy Projections

A new analysis from the Sun Day Campaign says renewables are slated to provide 16% of U.S. generating capacity by 2018 - over 20 years earlier than forecast by the Energy Information Administration.


Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.


Feds List New Bird Species As Threatened - Should Wind Developers Be Worried?

The U.S. Fish and Wildlife Service is designating the lesser prairie-chicken as threatened under the Endangered Species Act. An expert explains how this might affect the wind industry.

UEA_id1896
WomenofWind_id
Acciona_id1907
JLG_id1900
AWEA_id1886
bonfiglioli_id1913