26 Jul '11, 9am

Cooperative South Dakota wind farm nets 600 local owners

Cooperative South Dakota wind farm nets 600 local owners

With the right renewable energy policy, hundreds of individuals can have a stake in a renewable energy future. That’s what happened with a cooperatively-owned wind project in South Dakota, where 7 turbines from a larger wind project are shared by over 600 local investors. The largest barrier to community ownership of renewable energy has been the use of tax credits as the primary federal incentive for renewable energy. Tax credit incentives stymie cities, counties, and cooperatives from constructing and owning their own wind farm because they are tax exempt. But the temporary cash grant in lieu of the federal tax credit (expiring this December) has opened the door, and one South Dakota wind project has used the cash grant to become the largest cooperatively-owned wind project in the U.S.: The Crow Lake Wind Project , built by electric cooperative Basin Electric subsidiary ...

Full article: http://cleantechnica.com/2011/07/26/cooperative-south-dak...

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