Friday, August 1, 2014
Inquirer Daily News

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.

About this blog

PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano
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