ABB_id2059
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

Hybrid Energy Innovations 2015

Trachte_id2056
Latest Top Stories

The Song Remains The Same: AWEA Says Stable Policy Can Protect U.S. Wind Investment

Although the U.S. wind industry added more than four times the amount of wind in 2014 compared with 2013, predictable policy is needed to sustain its long-term success.


High Net-Worth Investors Claim 'All Of The Above' On Energy, Renewable And Otherwise

According to a recent Morgan Stanley poll, high-dollar investors favor investment in renewable energy technologies, such as wind and solar.


U.S. Wind Power Installations Surpassed 4.7 GW Last Year, Although China Still Leads

Bloomberg New Energy Finance reports that U.S. wind installations came back in a big way from a disappointing 2013.


IRS Specifies Performance, Quality Standards For Small Wind Turbines

The Internal Revenue Service (IRS) recently issued guidelines creating safety and performance standards for small wind turbines to be eligible for the 30% investment tax credit.


Hot Times North Of The Border: Canada Tops Previous Record For Installed Wind Capacity

For the second consecutive year, Canada's wind market has bested the country's previous mark for new installations.

Hybrid Energy Innovations 2015