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Page added on August 2, 2010
World’s Largest Wind Project is Underway In California
The project, dubbed the Alta Wind Energy Center, is nearly double the largest existing wind project in Roscoe, Texas. The Alta development is expected to create more than 3,000 domestic manufacturing, construction and maintenance jobs and contribute more than a billion dollars to the local economy. The wind farm is being developed by Terra-Gen Power.
Terra-Gen closed a $1.2 billion financing deal earlier this month with partners that included Citibank, Barclay’s Capital and Credit Suisse. The law firm Chadbourne and Parke represented Terra-Gen in the deal.
The project will consist of around 300 turbines installed over a 9,000 acre area. Southern California Edison has agreed to a 25-year power purchase agreement for the power.
While it took more than a decade to get the project built, it shows just how mature wind is today. The lack of long-term policy support in the U.S. may hinder the development of future projects like this, however. The U.S. Congress still has not passed a national renewable energy target or a carbon cap and trade program, and the production tax credit for wind is set to expire at the end of 2011.
One Comment on "World’s Largest Wind Project is Underway In California"
KenZ300 on Mon, 2nd Aug 2010 10:50 pm
Great !!!!!
We need to move quickly to provide incentives for other wind, solar and biofuel projects to be started. Our economic security and our national security depend on it.
We need to provide local jobs producing local energy and stop sending money to countries that want to do us harm.
Members of congress need to stop being obstructionists and start working for the good of the country by producing a long term energy policy that diversifies our sources of energy production.