North Dakota-based wind development company Crownbutte Wind Power, Inc. today announced the following shareholder update:
1) The Gascoyne 20 MW wind project is now in the final stage of due diligence and financing is expected on or around June 15th. Construction of the wind park will begin immediately thereafter.
2) A Request for Proposals for the construction of the Gascoyne project is ready to be issued immediately upon successful completion of the financing due diligence. This will allow construction companies to submit bids for construction of each aspect of the project.
3) Our 20 MW Elgin and 20 MW Wibaux projects are in the final stage of the transmission interconnection queue and will be ready for construction in the fall.
4) Our 200 MW Gascoyne II project has been parked for one year and may resume the final stage of the interconnection process in 2011 if the electricity transmission grid becomes less constrained; alternatively we may repurpose this wind park for the Wind Spirit Project, which is a collaboration with Grasslands Renewable Energy. The New England project has been withdrawn from the Midwest ISO interconnection queue due to transmission constraints arising after the System Planning and Analysis phase of the study process; this wind park may be repurposed for the Wind Spirit Project as well.
5) Two of our meteorological towers were destroyed during a spring ice storm. These towers were both fully insured and had already collected sufficient data for our wind feasibility study. They may be replaced in the future if needed to serve as validation for turbine performance warranties.
6) Crownbutte's projects in Berthold (MT), Carson (ND), Scobey (MT) and Tappen (ND) continue to collect meteorological data and move forward in development. Each of the projects in this pipeline is timed to become construction-ready in 2012 and beyond.
7) Land acquisition has been completed for our Monarch (MT) and Mobridge (SD) projects. The next phase in development is the erecting of meteorological towers on these sites.
Source: Crownbutte Wind Power press release
No comments:
Post a Comment