Wind power gains steam |
| Houston Chronicle - Jan 15, 2008 |
Monday was a good day for the wind power business, with GE announcing a $300 million investment in Houston-based Horizon Wind and a disputed project off Cape Cod, Mass., clearing another regulatory hurdle.
GE Energy Financial Services, along with a Wachovia Corp. subsidiary, will take a stake in a 600-megawatt port- folio of projects being developed by Horizon in Oregon, Minnesota, Illinois and Texas.
All the projects except the one in Texas are operating or expected to start up this month. The Texas project, in Shackelford County, with an expected capacity of 200 megawatts, should be running by midyear, the companies said.
Also Monday, the U.S. Minerals Management Service said a proposed wind farm off Cape Cod would pose no major environmental problems, the Associated Press reported, giving a boost to the project that has sparked a long and bitter public fight.
Read Full Article from Houston Chronicle
- Posted: 2008-01-15 10:03:27
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