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Home | KNDY News | New Investment Tools for Alternative Energy Sources

New Investment Tools for Alternative Energy Sources

One area college has made a substantial investment in wind-power and another is looking at making a sizable investment. Both are hoping to put a big dent in the money they shell out annually in energy costs.

Last month state dignitaries travelled to Concordia to watch the Power-Up Clooud Wind Energy Farm go on line at Cloud County Community College.

Fort Hays State University is just in the looking process, but is considering construction of 2-or-3 turbines to produce 5-megawatts of power. The savings to the University is expected to be as much as $800,000 annually.

Even closer to home, USD 273 Beloit Superintendent Dr. Joe Harrison told his school board at their March Meeting the district has started researching the potential of building a wind-turbine on the campus at Beloit Jr.-Sr. High School.

Troy Odle, the Account Manager for Direct Wholesale at All Things Exterior in Beloit says until recently, the major difficulty getting entities such as municipalities, schools, and commercial businesses to tap into alternative energy sourceslike wind and solar has been the lack of long term financing.
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Odle believes more large usage organizations will begin to take advantage of the cost of savings of alternative energy sources with financial institutions creating long-term financing. Odle calls it a, “very exciting time.”
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Odle says the savings from wind and solar power are not magic pills to solve the energy crisis immediately, but rather long term investments that will pay big dividends in the future.

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