Blog | Subscriptions | Newsletters | Advertising | RSS | Past Issues | About Us | Contact |
 
 
Focus on: Clean Energy
What actions is your company taking to reduce its carbon footprint?

Investing in energy efficiency
Purchasing renewable energy from utility or third party
Investing in onsite renewable energy
Investing in more fuel efficient transportation systems


































 

Courtesy Columbia Energy Partners
Chris Crowley (right) presents a check to Les Mintohorn, treasurer of CTUIR.
Tribe earns return on wind investment
by Charles Redell - 7.18.08

VANCOUVER, WASH.

What goes around, comes around, when the wind blows. An investment made in 2004 on what was then a relatively unknown technology and company is now beginning to pay off for an Oregon tribe. The Confederated Tribes of the Umatilla Indian Reservation (CTUIR) earlier this month received the first installment of pay backs on an investment they made with Vancouver, Wash.-based Columbia Energy Partners on the Rattlesnake Road wind farm in 2004. According to Columbia Energy Partners, the company delivered a check for $125,000 to the tribe in July.

CTUIR invested an undisclosed amount to become minority partners in Rattlesnake Road. At the time, there were no other operating wind farms in Arlington, Ore., and it was Columbia Energy Partners’ first major development, making it a relatively risky investment for the tribe, according to company president, Chris Crowley.

Crowley says that although the tribe didn’t know much about his company and was just learning about the technology, they made the investment and were active partners in the project. They attended meetings between the company and the Bonneville Power Administration to help secure transmission rights and worked on securing a power purchase agreement, though that deal eventually fell through, according to Crowley.

"The check is not their full return," says Chris Crowley, president of Columbia Energy Partners. "It’s a good first step."

Columbia Energy Partners sold Rattlesnake Road Wind Farm to Horizon Wind in 2006. At the beginning of July, that company announced that a deal was reached for a long-term power purchase agreement with Pacific Gas and Electric (PG&E). When the project is completed--expected by the end of 2008--it will generate almost 103 MW of power or 240 GWh a year, all of which will be delivered to PG&E, due to the firm transmission rights Columbia Energy Partners and CTUIR were able to secure.



Post a Comment
Name:

Email:


Comment:



Like this article? Subscribe to Sustainable Industries magazine.

© Sustainable Media Inc. All rights reserved. Permission is required for reproduction in whole or in part. For high-quality reprints of articles, contact FosteReprints at 866-879-9144 or via email: sales@FosteReprints.com
  London looks to U.S.cleantech firms Read More
  Solar squeeze Read More
  Business has no excuse for climate change inaction Read More
 



 Submit a Job  
   
   
   
  More Jobs  
 Submit an Event  
     
     
     
  More Events