Franklin County Wind LLC has begun commercial operation of the 100-MW Franklin County Wind Farm located in Franklin County, Iowa.
The Franklin County Wind Farm consists of 60 wind turbines capable of producing nearly 100 MW of emissions-free wind energy. The final project cost is approximately $235m, excluding any capitalized interest costs.
“We are very happy to have the Franklin County Wind Farm producing electricity,” said Patricia Kampling, Chairman, President and CEO of Alliant Energy (NYSE: LNT), the parent of Franklin County Wind, in a Dec. 11 statement. “The construction team delivered this project on time and on budget with an exemplary safety record. We are also grateful to the landowners and the community for their strong support on this project.”
Franklin County Wind, a non-regulated company, continues to seek a buyer for the energy produced by the wind farm, but in the meantime will sell the power it generates into the Midwest ISO market.
Alliant Energy said it currently expects to elect the government cash grant option for the project. The grant is an incentive available from the U.S. Department of Treasury that offsets a portion of the cost of facilities placed into service before the end of 2012.
Alliant Energy, headquartered in Madison, Wisconsin, provides regulated electric and natural gas service to more than one million electric and 414,000 natural gas customers in more than 1,300 communities across Iowa, Wisconsin and Minnesota. Interstate Power and Light and Wisconsin Power and Light are Alliant Energy’s two regulated public utility subsidiaries.