Wind farm stalled, Dixon County

Jordan wind farm

A 200-megawatt wind farm planned by TradeWind Energy Inc. in northeast Nebraska has been stalled.

The company planned to begin construction on the Rattlesnake Creek Wind Project by the end of the year to qualify for federal tax benefits. However, TradeWind  Energy was unable to secure a commitment from a large power company to buy generated electricity, according to Columbus Telegram.

Under IRS regulations, Tradewind would have to spend at least 5 percent of the project'stotal cost of $400 million to $500 million to qualify for the production tax credit set to expire at the end of this year. Frank Costanza, executive vice president of TradeWind Energy, noted that would mean TradeWind would have to spend more than $20 million.

Under LB104, a bill passed by Nebraska lawmakers, TradeWind is required to have 10 percent of power produced available to utilities in Nebraska.

The project planned in Dixon County covers more than 20,000 acres and involves around 100 landowners who would receive payments of up to $15,000 per turbine. The wind farm would create 200 construction jobs and 12 to 16 permanent jobs and pay $700,000 a year in local taxes.

According to the American Wind Energy Association, Nebraska ranks last among its surrounding states and 26th out of the 39 states that generate wind energy, despite having the fourth-best wind resources in the country.

Read more wind energy news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...