Iberdrola Renewables, an international renewable energy company with its hands in projects all over the globe such as Romania, was granted a nice fat grant from the U.S. Department of Energy (DOE) for a wind farm in Illinois. This project – the Cayuga Ridge wind farm – was earmarked $170 million in Recovery Act funds for its start up and is said to the largest amount of aid ever given to a company to develop a renewable energy project.
The Cayuga Ridge wind farm is one of the world’s largest, with an installed capacity of 300 megawatts (MW). More than 300 people worked on the commissioning of this plant, located in Illinois south of Chicago between the towns of Odell and Emington.
Even more telling of how much Iberdrola Renewables, currently the second largest wind power operator in the United States, works with the DOE is the fact the company stated as well it has been granted a total of $867 million in federal Recovery Act dollars for full reinvestment in renewable energy projects. This is certainly a staggering amount in the context of how much total money has been given out for these types of projects thus far.
Iberdrola said it employs 800 people here in the United States and has made purchases to date worth $5.5 billion. It has operations in 23 states, with a total installed renewable energy capacity of 3,877 MW spread over 41 wind farms. Another 850 MW currently under construction.