The Associated Press recently reported that Xcel Energy has cancelled construction of a proposed wind farm near Lamar in southeastern Colorado because the turbines would be too expensive.
Prairie Wind Energy, a farmer-owned company that contracted with Xcel to build the wind farm, is negotiating with the utility, hoping to find another way to build the project.
According to Xcel spokesman Mark Stutz, Prairie Wind was not able to purchase wind turbines at a price that would allow them to honor their contract with Xcel.
The 69-MW, 49-turbine project was one of two wind projects, with 129 megawatts total, that Xcel announced last March. The other project is a 60-MW wind farm planned near Peetz in northeastern Colorado.
Xcel plans to add 750 MW of wind power through 2010 to comply with Amendment 37, a voter-approved renewable energy measure, which requires utilities with at least 40,000 customers to produce 3 percent of their electricity from renewable energy by 2007. The requirement rises to 6 percent in 2011 and 10 percent in 2015.
Chris Rundell and four other farmers near Lamar started prairie Wind Energy last year. The company has 22 investors, all of whom live in the area or own land there.