News
enXco drops Boone County wind farm plans
"Regulatory uncertainty" over the fate of the federal renewable energy tax credit, which subsidizes wind farm development, played a part in enXco's decision to drop the project, a company spokeswoman said.
April 2, 2012
by Jeff Swiatek
in Indy Star
French-owned energy company enXco has dropped plans to build a wind farm in western Boone County.
"Regulatory uncertainty" over the fate of the federal renewable energy tax credit, which subsidizes wind farm development, played a part in enXco's decision to drop the project, a company spokeswoman said.
The pullout is a disappointment to some landowners who had hoped to rent out their land for about 130 wind farm turbines at a reported $14,000 per turbine site.
But the move will be welcomed by opponents of the project who had hired a Zionsville attorney to... [continue via Web link]
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