CH Energy Group Inc. out of New York has plans to invest $50 million in a 20-watt wind farm in Glenmore. The farm will be located just southeast of Green Bay.
CH Shirley Wind LLC will have 90 percent control over the project including a 20-year power purchase agreement contract with Wisconsin Public Service Corp. for electric output.
Construction on Shirley Wind will begin in Spring 2010 and is expected to be complete in the fourth quarter. The farm will have eight wind turbines from Nordex USA that will generate 64 million kilowatt hours annually. This is enough power for 8,000 homes.
Federal Reserve stated interest rates likely to rise. Refinance your farm loan before rates go up. Call a representative by dialing 866-929-5585 or visit us online.