Irish Company Going Green To Make US Stimulus Bucks

CHICAGO — An Irish company hoping to benefit from the Obama administration's emphasis on renewable energy purchased three Illinois wind farms near Chicago.

Mainstream Renewable Power bought the farms from local developers for an undisclosed sum. It'll invest $1.69 billion to finish the projects.

CEO Eddie O'Connor says he's encouraged by the billions set aside for clean energy in the federal stimulus bill.

The most advanced of the wind farms is a 120 megawatt Lee County project. It could generate enough electricity to power some 30,000 homes when completed in 2010. Construction of another Lee County wind farm should start next year. A third project is in Boone County.

Combined, the wind farms could generate 787 megawatts by 2013.

Comments

[cavegal]

Good for the Irish companies for seeing an opportunity that American mega corporations seem to be ignoring.