Cannon gets grants
The Cannon Power Group received $19.4 million in federal renewable energy grants earlier this month to spur construction of its plan for a wind energy farm in Washington State, energy from which would be provided to California municipalities.
Cannon is located in Carmel Valley and is expected to get another $150 million in federal renewable energy grants over the next few months to complete the project. These funds are part of a program in the American Recovery and Reinvestment Act to encourage renewable energy projects like this.
The act allows developers of alternative energy projects to apply for a grant totaling up to 30 percent of the costs of the project.
Windy Point/Windy Flats is expected to produce enough clean energy for more than 250,000 households per year. The power is being purchased by the Southern California Public Power Authority (SCPPA) under a pre-payment of a 20-year block of power. The SCPPA will also receive an option to purchase the entire project after five years.