Fire Island wind farm has yet to generate power contracts
September 13, 2010
By ELIZABETH BLUEMINK of the Anchorage Daily News: With nearly $44 million in federal money available to help build a Fire Island wind farm set to expire this year, electric companies are still weighing whether to buy the wind power — a vital step before the $162 million project can happen.
Chugach Electric Association, the Railbelt’s largest power company, is the giant at the negotiating table. But two other major power utilities are in talks, too. Anchorage-based Cook Inlet Region Inc., which wants to develop the wind farm, said it hopes to sign power-purchase agreements with at least one electric utility. CIRI needs to have deals to sell the farm’s power to win the $43.8 million in federal grant available as well as obtain the rest of the money needed to build the project. Read more