Monday, December 13, 2010

Iberdrola threatens to pull project

Iberdrola Renewables is threatening to pull its plans for a wind farm here if the Town Council passes rules it deems "unworkable."

The board is considering a law proposed by the town's wind committee that would require Iberdrola Renewables to compensate property owners who see drops in their land values because of the presence of wind turbines. The proposal also requires the company to buy out any property owner who objects to living near a turbine.

"If there aren't any negative effects to property values, then they are no worse for wear if this agreement is included," wind committee chairman Ronald R. Papke said.

But Iberdrola Renewables spokesman Paul N. Copleman said the company won't conduct business inside the town if the so-called "Residential Property Value Guarantee Agreement" is passed.

Read the entire article

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