Golden Valley Electric moves forward on Eva Creek wind project
May 3, 2010
From an April 29 press release from Golden Valley Electric Association: At the GVEA Annual Members’ Meeting on April 27, members heard about the possibility of the co-op taking on the largest wind project in Alaska. The project is called Eva Creek. GVEA Board Member Rick Shikora explained, “Golden Valley has a once-in-a-generation opportunity to add a significant amount of renewable energy to our mix – at a very affordable cost. A number of factors have come together to make this project viable.” One of these factors is an extremely low interest rate offered by the Rural Utilities Service.
“We need to move on this project because interest rates could rise at any time,” said GVEA President and CEO Brian Newton.
Though wind power is expensive to build, once built, it is an extremely inexpensive source of power. In fact, aside from maintenance costs, it’s free.