in News Departments > Projects & Contracts
print the content item

A loan has been approved for the Greensburg Wind Farm LLC by the U.S. Department of Agriculture (USDA). The $17.4 million loan will provide financing for the 10 wind turbine projects that will supply power to Greensburg, Kan., which was devastated by a tornado in 2007.

"This project will not only enhance our country's long-term energy security by producing clean, renewable energy, but also create green jobs and generate income in the local community," says Tom Vilsack, secretary of agriculture.

The total project cost is estimated at $23.3 million. Approximately $17.4 million will come in the form of a loan to Greensburg Wind Farm LLC, a subsidiary of John Deere Renewables, with the remaining $5.8 million, or 25% of the total project cost, being provided through an equity investment by Deere & Co. The project is expected to generate 12.5 MW of electricity.

Funding of the loan is contingent upon the recipient meeting the conditions of the loan agreement.

SOURCE: U.S. Department of Agriculture



Trachte Inc._id1770
Latest Top Stories

Senate Passes Tax Extenders Bill With Wind PTC Extension

The legislation, which passed in the U.S. House earlier this month, will renew the critical production tax credit through the end of 2014 - giving developers only about two weeks left to start construction.


Transmission Study Shows Nebraska Could Handle A Lot More Wind Power

A new report released by the Nebraska Power Review Board finds that the state already has enough infrastructure to accommodate at least 2 GW of additional wind generation.


Can Wind Energy And Birds Coexist? Environmental Group Says Yes

The Environmental Defense Fund, a supporter of responsible wind energy development, points out ways to help mitigate impacts of turbines on birds and bats.


Another Study Finds Wind Turbines Do Not Affect Nearby Property Values

Research conducted by the University of Guelph focused on regions in Ontario, and the conclusion echoes that of previous studies.


Too Little, Too Late? U.S. House Approves Wind PTC Extension

The U.S. House of Representatives has passed a tax extenders package that would renew the wind production tax credit (PTC) and about 50 other expired tax breaks through 2014. The wind industry argues the short-term fix is virtually no fix at all.

Hybrid Energy Innovations 2015