A wind farm project near Goldendale in Klickitat County has received $19.4 million in federal stimulus funds, with the developer expecting a total of more than $170 million in federal grants to help pay for the $1 billion project.
Cannon Power Group of San Diego, which is building the 400-megawatt wind power plant with Windy Point Partners II LLC, said the funds are part of the American Recovery and Reinvestment Act money targeting renewable energy projects.
When completed, the wind power project will supply power to California municipalities, generating enough power for more than 250,000 California homes per year. The Southern California Public Power Authority (SCPPA) pre-paid for a 20-year block of power using a tax-exempt $500 million bond issuance.
Last month, the project received $178 million in funds from Siemens Financial Services Inc.
Cannon officials called the Klickitat County project a “win-win” for the local community.
“This project brought more than 300 construction jobs and additional permanent positions. New roads also help area farmers and ranchers, and wind turbine leases generate income and a much needed financial cushion for many area families,” said Gary Hardke, Cannon’s president and managing director, in a statement.
Seattle Business Journal – http://seattle.bizjournals.com/seattle/stories/2009/11/09/daily22.html