Greensburg To Receive $17.4 Million Wind Farm Loan
KSCB News - October 8, 2009 12:00 am
WASHINGTON (AP) – U.S. Agriculture Secretary Tom Vilsack says the government will loan a Greensburg buisness $17.4 million to build 10 wind turbines.
Vilsack says the turbines will provide power to Greensburg, which is trying to rebuild as an environmentally friendly town since being nearly destroyed by a tornado in 2007.
The project’s total cost is estimated at $23.3 million. The U.S. Department of Agriculture will loan about $17.4 million to Greensburg Wind Farm, LLC, a subsidiary of John Deere Renewables.
The remaining $5.8 million will come from an equity investment by Deere & Company.
The 10 wind turbines are expected to 12.5 megawatts of electricity that will serve Greensburg and other rural communities through the Kansas Power Pool.