In just two months, South Dakota Wind Partners have reached their $ 16 million investment goal and will be moving forward with their wind project in Jerauld County. The wind partners group will own seven turbines adjacent to Basin Electric and Prairie Winds 101 turbines. Wind Partners President Jim Burg says even though their goal has been met they’ll still accept further investments.
Burg says a federal grant the group is receiving provides up to 30 percent of the qualifying project costs and will be paid at the completion of the project.
[audio:http://prprt.itmwpb.com/wp-content/uploads/sites/688/2010/09/sdwp2.mp3|titles=sdwp2]Burg says the South Dakota Wind Partners group also signed an interim financing loan with Co Bank which will provide $ 6.1 million for construction costs while the project is being built. Wind Partners hopes to have their turbines operating by the end of January of 2011.
(courtesy WNAX Yankton)