Exergy stops working on wind farm project
Exergy has halted work on its wind farm project this year.
"The renewable-energy developer gave up contract rights to build the wind generation plants in Twin Falls, Lincoln and Bingham counties, according to a filing this week with the Idaho Public Utilities Commission," said Rocky Barker with the Idaho Statesman. "The filing came as stories in bicycle-racing publications reported that the company, which sponsors several bike races and the Exergy racing team, is behind in paying its bills."
The CEO of Exergy, James Carkulis, said the decision won't destroy the business, even though they have already invested millions of dollars in the project.
“We’re going to be here next week and next year,” Carkulis told Barker.
The decision was made after the company realized the projects would not be done by the end of the year, which was necessary to obtain a tax credit from the federal government.
"But the company’s problems began last year, when the Idaho Legislature allowed a renewable-energy sales tax rebate to end," said Barker.
Exergy was the sponsor of the Twilight Criterium as well as the Exergy Tour, a professional cycling event in Boise. They also sponsor Kristin Armstrong. Armstrong's husband told Barker the cyclist has been paid everything owed by Exergy.
“We are behind on a few of our commitments and that’s it,” Carkulis said. “Ten weeks. That’s how far we’re out on these cycling invoices.”
You can read Rocky Barker's full article here.