Cardinal Point

Company sees long-term potential
2:54 pm
Fri May 25, 2012

Element Power is Confident in Wind Project

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 “top-tier” project in Illinois.

Project Manager Scott Kozniar says the potential expiration of a federal tax credit for renewable energy is hampering big projects.

He says, “Essentially, that allows us to reduce the power price that we sell it into the utilities. So if that goes away, you'd see a, basically $20 increase in the cost of a megawatt-hour for the renewable power.”

Read more