North American Windpower: Montana Wind Farms Receive $31.7 Million In CREB Funding

Montana Wind Farms Receive $31.7 Million In CREB Funding

by NAW Staff Tuesday December 05 2006

Montana's Green Electricity Buying Cooperative (GEBCO) has been awarded $31.7 million in Clean Renewable Energy Bond (CREB) funding for the development of two wind farms and that will produce a combined total of about 20 MW of power.

The two wind farms will be placed on properties in McCone and Yellowstone counties. According to Russ Doty, GEBCO's executive director, these projects will make it possible for Montana residents to buy either all or a part of their electricity from renewable energy produced in the state. He says that under Montana law, any Montana residential customers of an "investor-owned utility" can become members of the cooperative.

The CREBs were awarded under the Energy Tax Incentives Act of 2005, which provides $800 million over the next two years for clean energy projects, including a total of approximately $72 million in CREBs grants to Montana projects. (See "IRS Announces CREB Awards.")

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