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 )