Sunday, November 29, 2015

US gives $100M in 'recovery' funds to PA wind investors

Two upstate PA wind farms, owned by investors based in Spain and New York, are getting more than 20% of the half billion dollars the U.S. gave wind electric producers today.

US gives $100M in 'recovery' funds to PA wind investors


The U.S. Treasury and Energy departments today announced they're giving half a billion dollars in "cash assistance" to solar, "biomass" and wind-powered electric generators at 12 sites from Connecticut to Oregon. Two are local, though owned by capitalists from out of town:

- Locust Ridge II, Shenandoah, Schuylkill County, gets $59 million for its electric wind farm in a former coal mining district. It's owned by Iberdola Renewables Inc., which has an office in Chesterbrook and also owns Community Energy Inc. of Radnor.

- Highland Wind Project, Salix, Cambria County, gets $42 million. Highland is owned by EverPower Renewables Corp., New York.

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PhillyDeals posts interviews, drafts and updates that Joseph N. DiStefano writes alongside his Sunday and Monday columns and ongoing articles about Philadelphia-area business.

DiStefano studied economics, history and a little engineering at Penn. He taught writing and research at St. Joe’s. He has written for the Inquirer since 1989, except when he left a few times to work at Bloomberg and elsewhere. He wrote the book Comcasted, and raised six kids with his wife, who is a saint.

Reach Joseph N. at, 215.854.5194, @PhillyJoeD. Read his blog posts at and his Inquirer columns at Bloomberg posts his items at NH BLG_PHILLYDEAL.

Reach Joseph at or 215 854 5194.

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