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Wind power gets jolt

FOREST PARK - Gov. Bob Taft on Friday announced a new state pilot program to provide $25 million over five years to encourage wind power development in Ohio.

The program, announced during a visit to Magna Machine Co., a metal-cutting plant that makes components for wind turbines, would provide grants of up to 1.2 cents per kilowatt hour for wind power development projects.

The grants would make wind-generated electricity, which traditionally are more expensive that other forms of electric generation, more price competitive.

Large wind-power projects are already eligible for federal tax credits of 1.8 cents per kilowatt hour, and that has spurred wind power development nationally.

"The use of wind power is increasing across the country," Taft said after touring Magna's plant on Southland Road. "It's a growing source of jobs and investment.''

Twenty-five companies in Ohio are producing wind-power components, including Oakley's Cast-Fab Technologies and General Tool Co., in Reading, a sister company to Magna, Taft said..

The money for the grants to wind-power producers would come from the state's Energy Loan Fund and requires the approval of the General Assembly.

Currently only 7 megawatts of electricity are produced in Ohio from four large wind turbines operated by the City of Bowling Green's municipal utility. The governor's office... more [truncated due to possible copyright]  
The program, announced during a visit to Magna Machine Co., a metal-cutting plant that makes components for wind turbines, would provide grants of up to 1.2 cents per kilowatt hour for wind power development projects.

The grants would make wind-generated electricity, which traditionally are more expensive that other forms of electric generation, more price competitive.

Large wind-power projects are already eligible for federal tax credits of 1.8 cents per kilowatt hour, and that has spurred wind power development nationally.

"The use of wind power is increasing across the country," Taft said after touring Magna's plant on Southland Road. "It's a growing source of jobs and investment.''

Twenty-five companies in Ohio are producing wind-power components, including Oakley's Cast-Fab Technologies and General Tool Co., in Reading, a sister company to Magna, Taft said..

The money for the grants to wind-power producers would come from the state's Energy Loan Fund and requires the approval of the General Assembly.

Currently only 7 megawatts of electricity are produced in Ohio from four large wind turbines operated by the City of Bowling Green's municipal utility. The governor's office estimates the state tax credit could increase that to 150 megawatts statewide.

The Department of Development has recently updated wind maps revealing the state has substantially more wind resources than earlier thought.


Source: http://news.enquirer.com/ap...

FEB 27 2006
http://www.windaction.org/posts/1462-wind-power-gets-jolt
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