Vice President Joe Biden and Commerce Secretary Gary Locke are set to attend an announcement Thursday in Jefferson City detailing plans for Missouri’s largest wind energy development, which is expected to cost about $300 million and create more than 2,500 jobs.
The 150-megawatt Lost Creek Wind Farm will be located in DeKalb County and will be developed by St. Louis-based Wind Capital Group Wind Capital Group Latest from The Business Journals Wind Capital Group to build 0 million Oklahoma wind farm, supply Associated ElectricWind Capital plans 0M Florida projectWestar Energy deals would double wind energy portfolio Follow this company .
GE Energy will supply 100 wind turbines.
Electric component maker ABB will supply 100 electric transformers, which will be made by employees, represented by the United Auto Workers, at its Jefferson City facility.
Associated Electric Cooperative Inc., a provider of energy to six regional and 51 local electric cooperatives in Missouri, Oklahoma and Iowa, plans to buy all the electricity generated at Lost Creek.
Groundbreaking is scheduled for August.
“The American Recovery and Reinvestment Act gave Wind Capital Group and our investors the confidence to proceed with what will be the largest wind farm in the state of Missouri,” Tom Carnahan, president of Wind Capital Group, said in a statement.
The stimulus act included several provisions that encouraged the development of wind energy projects like Lost Creek, including the extension of the federal production tax credit, which would have otherwise expired, providing an incentive to construct wind energy projects in 2009 and 2010. The American Recovery and Reinvestment Act also established a new, temporary Department of Energy loan guarantee for renewable energy, which has provided better access to lending markets for wind energy providers.
Tony Wyche, a spokesman for Wind Capital Group, which will own and operate Lost Creek, said it was too soon to know the amount of tax breaks the project will receive.
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