Monday, October 28, 2013

Blowing Hard: South Dakota Community Wind Project Achieves 48% Capacity Factor

With typical capacity factors between 30% and 40% for commercial wind farms, major wind developers would do a lot to find a site that would make real a 48% capacity factor wind farm.  Real it is, however, at the East River Electric Cooperative's community wind farm in South Dakota.
http://energy.gov/eere/articles/want-finance-wind-farm-project-your-community-try-crowdfunding.

Almost as remarkable as the 48% capacity factor achieved by the 10 megawatt community wind farm is how the installation was financed.  Six hundred of the Coop's customers provided more than $16 million of capital for the $21 million project.

Even before the 48% capacity factor was achieved, the customers investments looked good. Now they are golden.

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