Prairie Power embarks on 20-turbine wind farm project
Jacksonville-based cooperative Prairie Power says the farm could generate electricity for about 16,000 rural customers.
Construction at a site along the Illinois River about 70 miles west of Springfield would start next year. And electricity production would begin in 2011.
The co-op already operates a coal-fired power plant and natural-gas plant. But this is its first foray into wind energy.
Prairie Power executive Robert Reynolds says the co-op plans to sell clean-energy bonds to finance the project. The bonds include a federal tax credit.
Pike County currently has just one wind turbine, built in 2004.
Related News
India Electricity Prices are Spiking
NEW DELHI - Electricity prices in India bolted to a record high of 10.6 cents/kWh (INR5.1/kWh) in Q3.
A jolt in Indian spot electricity prices could save Sembcorp Industries' Indian business from further losses, UOB Kay Hian said.
The firm said spot electricity prices in India bolted to a record high of 10.6 cents/kWh (INR5.1/kWh) in Q3 and even hit a 15-minute peak of 20.7 cents/kWh (9.9/kWh). The spike was due to a power supply crunch on higher electricity demand from power distribution companies.
As an effect, Sembcorp Industries' Sembcorp Gayatri Power Limited's (SGPL) losses of $26m in Q1 and $29m in Q2…
