A company working to install a wind-power project on Grandpa's Knob in Castleton is closing its Rutland office.

Brad King, Noble Environmental's local project manager, says the company has not given up plans for the wind farm and will continue to gather data from meteorological towers installed on the ridge last year.

In October, the Connecticut company laid off workers in New York and stopped work at two wind farms in that state in conection with the failure of Lehman Brothers, one of its chief backers.

Noble's CEO Walter Howard released a brief statement Monday saying the poor economic outlook prevents the company from speculating on its 2009 development plans, but says it will continue to evaluate the financial markets and the Grandpa's Knob project.