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Maxwell Ranch wind project on hold

A proposed 100-turbine wind farm on Colorado State University's 11,000 acres Maxwell Ranch north of Fort Collins is still on hold. An agreement between the CSU Research Foundation and Wind Holding LLC was terminated Oct 31 when Wind Holding - the contracted developer of the project - failed to meet the terms of the contract.

A proposed 100-turbine wind farm on Colorado State University's 11,000 acres Maxwell Ranch north of Fort Collins is still on hold.

An agreement between the CSU Research Foundation and Wind Holding LLC was terminated Oct 31 when Wind Holding - the contracted developer of the project - failed to meet the terms of the contract. One of Wind Holding's responsibilities was to find a financial partner for the estimated $500 million CSU Green Power Project but a key potential banker pulled out of the project.
CSU us still hoping to provide all of the power needed for its campus through the clean-energy project.

Emily Wilmsen, CSU spokeswoman, said the university is actively seeking another partner for the project. "We've had significant interest from developers on the project and we've been talking to those interested parties," she said. "The university and CSURF are committed to seeing this project move forward."

But Wilmsen acknowledged the recession has slowed that progress. "The economic downturn hurt our previous developer but we have successfully separated ourselves from them," she said. "The economy has certainly affected the companies that are interested in this type of project so we're really depending on them... more [truncated due to possible copyright]  

A proposed 100-turbine wind farm on Colorado State University's 11,000 acres Maxwell Ranch north of Fort Collins is still on hold.

An agreement between the CSU Research Foundation and Wind Holding LLC was terminated Oct 31 when Wind Holding - the contracted developer of the project - failed to meet the terms of the contract. One of Wind Holding's responsibilities was to find a financial partner for the estimated $500 million CSU Green Power Project but a key potential banker pulled out of the project.
CSU us still hoping to provide all of the power needed for its campus through the clean-energy project.

Emily Wilmsen, CSU spokeswoman, said the university is actively seeking another partner for the project. "We've had significant interest from developers on the project and we've been talking to those interested parties," she said. "The university and CSURF are committed to seeing this project move forward."

But Wilmsen acknowledged the recession has slowed that progress. "The economic downturn hurt our previous developer but we have successfully separated ourselves from them," she said. "The economy has certainly affected the companies that are interested in this type of project so we're really depending on them for us to move forward."


Source: http://www.ncbr.com/article...

APR 23 2010
http://www.windaction.org/posts/25888-maxwell-ranch-wind-project-on-hold
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