May

8

Avista Buys 3,200 Acres for Wind Farm

Filed Under Local Market 

The Spokane Journal of Business is reporting that Avista has just tied up 3,200 acres near Rearden, Washington to build a wind farm. Here is the update from the Journal:

Breaking News
Avista ties up site to develop wind farm …
Avista Corp. said today it has acquired rights to to a site to develop a 50-megawatt, $120 million wind farm near Reardan, Wash. The 3,200-acre site is roughly four miles south of Reardan off of state Route 231, includes Magnuson and Hanley buttes, and mostly is farmland, Avista spokesman Hugh Imhof says. He says the company will lease the property from seven landowners, will order wind turbines for the project this year, and will build the wind farm in 2011. Avista says that because of the intermittent nature of wind, the project will generate an average of 15 megawatts of power, or enough to serve 11,250 homes, and it can carry the electricity on its own transmission system, which saves cost. Avista Chairman, President, and CEO Scott Morris says the wind farm will help Avista satisfy renewable resource requirements under Washington law. Imhof says the company, which plans to build or buy 300 megawatts of wind generation by 2017, is continuing to look for other wind-power sites, mostly near its own transmission system.

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