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

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