Exergy halts work on wind farm
Carkulis said he decided to halt the projects after it became clear Exergy would not get them done by the end of the year, which the company had to do to obtain an up-front payment of a federal investment-tax credit that is due to expire Dec. 31.
August 17, 2012
by Rocky Barker
in Idaho Statesman
Exergy Development Group has ended its efforts to build the 116-megawatt package of wind farms this year.
The renewable-energy developer gave up contract rights to build the wind generation plants in Twin Falls, Lincoln and Bingham counties, according to a filing this week with the Idaho Public Utilities Commission. The filing came as stories in bicycle-racing publications reported that the company, which sponsors several bike races and the Exergy racing team, is behind in paying its bills.
CEO James Carkulis said Thursday that the decision to back out of the Idaho projects, in which Exergy had already invested millions of dollars, was... [continue via Web link]