GreenHunter Wind Energy LLC, a wholly-owned subsidiary of GreenHunter Energy Inc. announced that it has won new power transmission capacity on the soon to be built Wyoming-Colorado Intertie (WCI) power transmission line through an auction. The WCI power transmission line will be the first transmission line built in this region of the U.S. in more than five years.
The WCI line has an expected in-service date of 2013, according to The Wyoming Infrastructure Authority. A section of the line will run within 15 miles of GreenHunter Wind Energy’s Wheatland Wind project, which is located on approximately 20,000 acres of federal BLM land situated near the town of Wheatland, Wyoming. The Wheatland Wind project has the potential to have up to 600 megawatts (MW) in wind generation capacity.
“We believe our recent success in the Wyoming-Colorado Intertie power transmission auction is a real coup for GreenHunter Wind Energy. By winning the capacity on a planned transmission line of this magnitude, we believe we have added significant value to our proposed 20,000 Wheatland, Wyoming wind development project," said Stephen Wiley, president of GreenHunter Renewable Power. "This auction and the ensuing contract we have entered into is essentially a reservation to transmit power on the WCI power transmission line into a market that we believe shows very promising demand for renewable power.">>>MORE
For folks unfamiliar with GRH and its CEO, Gary Evans, here's the Dallas Business Journal from last year:
A Dallas entrepreneur who founded, built and ultimately sold oil and gas company Magnum Hunter Resources Inc. for billions of dollars is trying his hand again at the energy business.
But this time it won't be in fossil fuels.
Gary Evans, who's satisfying an increasing global hunger for alternatives to polluting carbon, nine months ago started GreenHunter Energy Inc., which will sell only renewable energies including biofuels, wind and solar.
With more than $25 million invested so far, GreenHunter is poised to manufacture biodiesel fuel in Texas as well as to supply electricity wholesale from a biomass plant in California and from wind farms in three western states....
...While it took 20 years to build Magnum Hunter, Evans says that won't be the case with GreenHunter. He and his team are hoping to develop GreenHunter into a multibillion-dollar, renewable-energy powerhouse within three years.
"There are so many options," Evans said. "Our biggest problem is to sort through (them). ... We're going down our own path. We're only following the crowd to make sure we don't do what they do.">>>MORE
