We’re excited to be working together with Element Power and look forward to the economic benefits and tax revenues this project will bring to our county and community.
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Columbus, OH (PRWEB) January 25, 2012
Element Power US, LLC, owner and developer of the Black Fork Wind Farm, received its state Certificate of Environmental Compatibility and Public Need from the Ohio Power Siting Board for the construction and operation of the Black Fork Wind Project, a 200 MW wind farm located in north central Ohio.
Element Power has advanced the project through one of the most rigorous state-level permitting processes in the country. The project is located in Crawford and Richland Counties on approximately 15,000 acres of agricultural land. The approved permit allows Black Fork Wind to select from several turbine technologies giving the project the flexibility to utilize the most competitive technology and provide the best value to the end customer.
“We’re excited to be working together with Element Power and look forward to the economic benefits and tax revenues this project will bring to our county and community”, said Doug Weisenauer, Crawford County Commissioner.
The project now moves one step closer to construction with a commercial operations date as early as 2013 and is being actively marketed to customers throughout Ohio and PJM. Extension of the federal Production Tax Credit (PTC) and securing a power sales contract are key for the project to move to construction.
During project construction, approximately 200 people will be employed, providing a significant economic boost to the area, which has experienced a major loss of jobs from plant closures in recent years. During operation, the project is expected to provide 8-12 full-time jobs over its 20- year duration and provide $1.8 million per year to the local communities in tax revenue. In addition, the project will have the ability to generate enough clean electricity for approximately 55,000 homes.
“This permit adds the Black Fork Wind Farm to a short list of approved wind projects in the state of Ohio”, said Ty Daul, CEO of Element Power. “We feel that the elimination of the permitting uncertainty through the receipt of this permit, along with favorable interconnection access and wind resource, makes the Black Fork Wind Farm one of the most attractive wind projects in Ohio and we’re excited to see it help meet Ohio’s energy needs.”
Consistent with its focus on delivering electricity generated from both solar and wind at a competitive price, Element Power is developing utility-scale photovoltaic solar projects in Ohio as well.
Element Power US, LLC develops, acquires, builds, and operates utility-scale solar and wind power projects, creating clean, renewable sources of energy to meet the increasing demand for green electricity and to address the pressing challenges of global warming and energy security. Element Power is owned by Hudson Clean Energy Partners, a leading global private equity firm dedicated solely to investing in renewable power, alternative fuels, and energy efficiency and storage. Learn more at http://www.elpower.com