15,000-Acre Cameron County wind farm blows to IKEA15,000-Acre Cameron County wind farm blows to IKEAhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=23012014-12-04T13:59:00Z2014-12-04T00:00:00Z

CAMERON COUNTY - The IKEA Group has purchased Cameron Wind: a 165-megawatt wind farm being developed on 15,000 acres of farmland roughly 11 miles north of Brownsville.

IKEA bought the project from the developer, Apex Clean Energy, which will build and manage the wind farm consisting of 55 three-megawatt turbines.

The sale will not affect a tax break incentive granted to Apex by the Los Fresnos CISD that will limit the project’s assessed property value to $10 million for eight years, beginning with the 2016-17 school year.

A financial impact report estimates the potential net tax benefits to Los Fresnos CISD could be as high as $16.2 million over the life of the agreement

The project’s full value — estimated at nearly $254 million — will appear on tax rolls in 2015-16. The total direct financial impact on the region likely will exceed $46.7 million over 25 years.

Road work at the Cameron Wind site is scheduled to start during December 2014, “…turbine delivery will probably begin in the spring of 2015…and it should be operational by the end of next year,” said Apex spokeswoman Dahvi Wilson.

The sale is the single largest renewable energy investment IKEA has made anywhere in the world to date.

Read more at the Valley Morning Star.

Valley Morning Star
Infrastructure & Transportation
http://www.valleymorningstar.com/news/local_news/article_ed74aac4-7a91-11e4-90ac-1fd75845a5ee.htmlRead more at {Source}

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