Judge sides with Xcel, throws out wind-farm suit
Source: StarTribune
A federal judge has vindicated Xcel Energy Inc. for its 2011 decision to cancel a $400 million wind farm in North Dakota that posed a potential risk to two protected birds.
U.S. District Judge Michael Davis dismissed a lawsuit filed by the developer of the 100-turbine Merricourt project, which remains unbuilt amid lingering fears that whooping cranes and piping plovers will be slashed to death by its turbine blades.
(snip)
EDF had alleged that Xcel saw a financial advantage in canceling the Merricourt deal because wind turbine prices had dropped during the recession. The termination left EDF on the hook for turbines it already had purchased. Xcel contended that EDF deployed the turbines at another wind farm, cutting its losses.
In his ruling issued Thursday, Davis wrote that EDF is a sophisticated commercial entity that has entered into many projects involving wind projects and ... is knowledgeable of the varying risks that may arise with respect to such projects.
Piping plover
Read more: http://www.startribune.com/business/201456361.html
efhmc
(14,731 posts)BlueToTheBone
(3,747 posts)question everything
(47,487 posts)that is not known as pro-environment.
But will take what we can get.
Incitatus
(5,317 posts)Renewable energy is the future, and while fossil fuel companies are making plenty of money with destructive ways of creating energy, they are all about the $$$$ and don't intend to miss out. As green energy technology becomes cheaper and government subsidies are handed out, they will be in a position to take advantage. They can only fight it for so long, they're going to have to accept it and do what they can to profit from it.
Thegonagle
(806 posts)Looks like the turbine builder didn't have a leg to stand on based on the contract.