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Economic and dam related articles

$10 Million Bird Bond
may Doom Naselle Wind Farm

by Angelo Bruscas
The Daily World, October 18, 2011

Contingency fund too much for Pacific PUD and other developers

Energy Northwest A view from Radar Ridge looking out to the Pacific Ocean. Energy Northwest and a group of utilities, including the Grays Harbor and Pacific County PUDs, hope to build a wind farm on the site, located near Naselle. NASELLE -- The proposed Radar Ridge wind farm in Naselle may be scuttled by primary developer Energy Northwest, Grays Harbor PUD commissioners have been told, in part because the investors might be required to put up what amounts to a $10 million contingency fund as a hedge against environmental damage.

If the Energy Northwest project dies, so do chances of recouping the nearly $1 million already invested in the wind farm project by PUDs in Pacific, Clallam, Grays Harbor and Mason counties. Grays Harbor PUD has pulled out of the project, but hopes to get all or at least some of its money back if other investors carry it forward.

Angelo Bruscas
$10 Million Bird Bond may Doom Naselle Wind Farm
The Daily World, October 18, 2011

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