LAFAYETTE – Progress has stalled on a pair of proposed wind farms near Lafayette, with no signs of turbines going up anytime soon even though developers say the projects are still in the works.
One of the projects calls for 133 turbines in an area of southwest Tippecanoe County and nearby parts of Montgomery and Fountain counties. The other would place turbines on Purdue University property and private land in western Tippecanoe County.
More than 200 property owners have signed easement agreements with Invenergy Wind LLC of Chicago for its 45,000-acre Tri-County Wind Project.
Invenergy Wind closed its downtown Lafayette office in late 2011, but Kevin Parzyck, the companys vice president of development for the central region, said the company continues to evaluate its plans.
Matthew DaPrato, a wind energy analyst with IHS Emerging Energy Research, said the Lafayette-area projects and others that miss out on a federal wind energy production tax credit set to expire at end of this year will likely struggle to secure financing and agreements with utilities to sell their electricity.
It will change the equation, DaPrato said. In Indiana, I would not expect to see any built next year without the credit there.
Without a power purchase agreement, developers cannot attract tens of millions of dollars, or more, from funders to purchase and install turbines.