RUTLAND, Vt., July 29, 2003 — Equinox Wind Partners LLC, a joint venture between Endless Energy Corporation, of Yarmouth, Maine, and Catamount Energy Corporation, of Rutland, Vermont, formed to develop a 9 megawatt wind energy project on Little Equinox Mountain in Manchester, Vermont, have announced that Catamount Energy is ending its involvement in the project. The joint venture was formed in December, 2001.
Catamount Managing Director Bob Charlebois explained that the company wishes to focus its resources on several larger wind projects that the company has under development. “We prioritize development dollars and opportunities and, unfortunately, we find it necessary to terminate funding of this smaller project and focus our resources and development effort on other projects in the U.K. and the U.S., including our Glebe Mountain project in Vermont. We believe Equinox is a good project for Vermont and hope that Endless Energy is successful in completing its development.”
Harley Lee, president of Endless Energy, said “We appreciate Catamount’s contributions to the project and will continue to build on the joint development progress we have made to date.”
Little Equinox Mountain, which has excellent winds, was the site of two previous wind farms, the first installed in 1981 and 1982 and the second in 1989. The re-installation of wind turbines on Equinox using modern technology has been endorsed by five major Vermont environmental groups. Burlington Electric Department has agreed to buy power from the project.