Area wind farm receives $28MMoraine II near Woodstock to get Recovery Act funds WOODSTOCK — The Moraine II Wind Farm, located in portions of Pipestone and Murray counties, has been awarded more than $28 million from the American Recovery and Reinvestment Act program.
By: Julie Buntjer, Worthington Daily Globe
WOODSTOCK — The Moraine II Wind Farm, located in portions of Pipestone and Murray counties, has been awarded more than $28 million from the American Recovery and Reinvestment Act program.
The award, announced Tuesday by the U.S. Treasury Department, is among a dozen projects in eight states to receive a combined $502 million for wind and solar projects.
Moraine II Wind Farm was developed by PPM Energy, a Scottish power company. Its wind farm consists of nearly 50 megawatts, located in Aetna, Ellsborough, Rock Cameron and Chanarambie townships.
Tuesday’s announcement was for the first round of funding from the Recovery Act. The money provides cash assistance to energy production companies in place of earned tax credits, and enables companies to create jobs and begin construction that may have been stalled.
“The Recovery Act is investing in our long-term energy needs while creating jobs in communities around the country,” said Treasury Secretary Tim Geithner. “This renewable energy program will spur the manufacture and development of clean energy in urban and rural America, allowing us to protect our environment, create good jobs and revitalize our nation’s economy.”
Additional awards will be announced in the coming weeks, with a total of more than $3 billion in financial support for clean energy projects by providing direct payments in lieu of tax credits.
An estimated 5,000 bio-mass, solar, wind and other renewable energy production facilities around the United States will benefit from the funding.