Cost of wind farm project falls Glacier Hills will likely be built for $413.5 million

Wind turbine prices have fallen significantly in recent months amid the economic slowdown, and that, in turn, has brought down the projected cost to build the state’s largest wind farm.

The Glacier Hills Wind Park in Columbia County is now projected to cost a maximum of $413.5 million, down from a projection of $525.6 million when We Energies announced the project last year.

The Milwaukee utility is seeking to build the project in the next several years to comply with a state law that requires 10% of Wisconsin’s electricity be supplied by wind turbines and other renewable energy sources by 2015.

“Market conditions for the procurement of wind turbine equipment have changed considerably” since the utility first submitted its proposal to the state Public Service Commission, We Energies said in a filing with state regulators. ( More via JSOnline )

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: