Let's say goodbye to a $600 million investment in Wisconsin.
For the second time in two weeks, a developer of wind energy projects has decided to suspend its work in Wisconsin until regulations on building wind farms become more set in stone. The Chicago-based Midwest Wind Energy, LLC said it is halting its plans to develop a 98-megawatt project in Calumet County, as well as another project which had not yet been announced publicly.
Company President Stefan Noe says it no longer makes sense to invest significant development capital in a state that 'appears to be closed to the wind energy business,' citing the recent suspension of the state's proposed wind siting regulartions by the Wisconsin Joint Committee for Review of Administrative Rules.
"Our four projects alone represent more than $600 million of capital investment in Wisconsin and more than 400 construction jobs and 40 permanent high-tech jobs," Noe said.
No comments:
Post a Comment