in News Departments > Projects & Contracts
print the content item

CoBank, a national cooperative bank serving agribusinesses and rural utilities throughout the U.S., has closed a $43 million transaction with Iowa Lakes Electric Cooperative to provide permanent financing for a major wind energy project.

The bond issuance arranged by CoBank financed 14 new wind turbines that together generate more than 71 million kWh of renewable energy annually. Iowa Lakes is a member-owned electric cooperative based in Estherville, Iowa, serving more than 12,000 farms, homes, businesses and industries.

"This ambitious project, which is the largest wind project owned by a distribution cooperative, truly makes Iowa Lakes Electric Cooperative a pioneer in the renewable energy field," says Terry L. Bruns, Iowa Lakes Electric Cooperative president and CEO.

The project includes two seven-turbine wind farms that are strategically located to provide power to adjoining ethanol plants. One site is adjacent to an ethanol plant near Superior, Iowa, and the other sits next to a plant

SOURCE: CoBank


Trachte Inc._id1770
Latest Top Stories

Setting The Record Straight: How Many Birds Do Wind Turbines Really Kill?

Several peer-reviewed studies are more or less in agreement with avian mortality rates caused by wind turbines. However, one study, which is wildly off from the others, is most often cited in the media. Why?


Six Takeaways From The IRS' Start Of Construction Guidance: What You Need To Know

The IRS recently issued guidance to wind developers to further spell out what "start of construction" means. Will you be covered?


Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.

Canwea_id1984
Renewable NRG_id1934
UnitedEquip_id1995
Tower Conference_id1965