Geronimo Energy Acquires Green River Wind from Mainstream Renewable Power

Minneapolis, USA

Geronimo Energy is already at the advanced stages of developing the 210 megawatt (MW) Walnut Ridge project, which is adjacent to the Green River Wind Farm. Together, the Walnut Ridge and Green River wind farms represent up to 435MW of clean wind energy.

Wind Farm qualified under PTC

Immediately following the acquisition, Geronimo took steps to qualify Green River under the Production Tax Credit (PTC), which expired December 31, 2013. Although the PTC was allowed to expire at the end of 2013, the safe-harbored Green River will still be eligible to receive tax credits under the PTC for upwards of 10 years. Geronimo took the same steps for Green River

Source: IWR Online, 28 Jan 2014