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$10 mil bird bond may doom Naselle wind farm
Credit: By ANGELO BRUSCAS of The Daily World and KEVIN HEIMBIGNER, Chinook Observer, www.chinookobserver.com 18 October 2011 ~~
Translate: FROM English | TO English
Translate: FROM English | TO English
NASELLE – The proposed Radar Ridge wind farm in Naselle may be scuttled by primary developer Energy Northwest, Grays Harbor PUD commissioners have been told, in part because the investors might be required to put up what amounts to a $10 million contingency fund as a hedge against environmental damage.
If the Energy Northwest project dies, so do chances of recouping the nearly $1 million already invested in the wind farm project by PUDs in Pacific, Clallam, Grays Harbor and Mason counties. Grays Harbor PUD has pulled out of the project, but hopes to get all or at least some of its money back if other investors carry it forward.
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