News
Power firm's plan encounters turbulence
Noble Environmental Power, the firm seeking to build a sprawling wind farm northeast of Moorhead, recently encountered turbulence from state officials and the financial markets.
Noble's business practices are being investigated by the New York attorney general's office and an assistant attorney general in New Hampshire has questioned the financial ability of a Noble subsidiary to build and operate a wind farm in that state.
February 13, 2009
by Patrick Springer
in INFORUM
Noble Environmental Power, the firm seeking to build a sprawling wind farm northeast of Moorhead, recently encountered turbulence from state officials and the financial markets.
Noble's business practices are being investigated by the New York attorney general's office and an assistant attorney general in New Hampshire has questioned the financial ability of a Noble subsidiary to build and operate a wind farm in that state.
Also, Noble suspended plans last month for a wind project in New York state, citing difficulties in the financial markets.
Nonetheless, the company still hopes to have its proposed $450 million Noble Flat Hill Wind Park in operation... [continue via Web link]
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