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Friday, June 24, 2011

Lake Erie Wind Turbine Project Delayed

Posted By on Fri, Jun 24, 2011 at 10:17 AM


Remember Scene's cover story a little while back about the prospect of wind turbines in Lake Erie? There's the initial plan for five off the coast of Northeast Ohio and debate and hopes and fears about more coming after that, with plenty of folks wondering why Cleveland is pursuing wind farms when everyone else is setting aside the idea. We explained how they spin fast, look sleek and big, and cause heated debate among many groups who want to talk about more than the fact that they spin fast.

Well, those initial first five turbines were supposed to be installed and operational by next year. That's not the case anymore. WKYC reports:

Lake Erie Energy Development Corporation President Lorry Wagner says, "We definitely were a little over-ambitious. It's 2013. Our original goal was 2012."

There's still lots of work to do and lots of regulatory permits to obtain. Wagner says two or three are in hand with fifteen more needed.

The project need $100 million for turbines, plus more for a ship or ships to carry them.

Wagner is optimistic KeyBank can help find needed investors.

Maybe they can explain to investors that they spin fast?

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