Wednesday, February 1, 2012

Wind energy firm declares bankruptcy

An anticipated multi-million dollar investment in wind energy infrastructure in northern San Juan County has been put on hold, possibly indefinitely.

Blue Mountain Wind planned to begin with a 79.5 megawatt wind farm on nearly 7,000 acres of private land in the Tarb area northeast of Monticello. The company indicated that the project could have grown to 150 megawatts in the future.

Officials state that while the Blue Mountain Wind project may be viable in the long run, it is back to the drawing board at the current time. San Juan Record