Element Power http://tspr.org en Element Power is Confident in Wind Project http://tspr.org/post/element-power-confident-wind-project <p>The Cardinal Point wind energy project in northern McDonough County has been delayed by a number of factors. Element Power remains confident it is a &ldquo;top-tier&rdquo; project in Illinois.<br /><br />Project Manager Scott Kozniar says the potential expiration of a federal tax credit for renewable energy is hampering big projects.<br /><br />He says, &ldquo;Essentially, that allows us to reduce the power price that we sell it into the utilities. So if that goes away, you&#39;d see a, basically $20 increase in the cost of a megawatt-hour for the renewable power.&rdquo;<br /> Fri, 25 May 2012 19:54:20 +0000 James Lenz 15722 at http://tspr.org Element Power is Confident in Wind Project