Springview, Nebraska, Aug 01, 2011 -- Kearney Area Director Paul Bartlett, USDA Rural Development, along with officials from Bluestem, LLC were in Springview Friday attending a Ribbon Cutting for two wind turbines.
USDA Rural Development's Section 9007 Rural Energy for America Program (REAP) loan and grant program is helping to finance wind power projects throughout the nation, including one of the two new wind turbines in Springview.
“We face new challenges to reduce dependence on imported oil; to improve the environment; and to make clean, sustainable and affordable energy alternatives available to businesses and agricultural producers,”
said Maxine Moul, USDA Rural Development State Director in Nebraska. “I applaud Bluestem for proactively installing energy solutions right here in our agricultural fields. USDA Rural Development is leading the way with funding this and similar projects here in Nebraska.”
USDA Rural Development REAP funding for the installation of one of the turbines includes grant funding of $500,000 to Bluestem, LLC. USDA Rural Development will also guarantee a loan of $1,989,250 made by Mutual of Omaha bank.
Bluestem, LLC has completed the installation of the installation of two 1.5 MW Vensys Direct Drive Wind Turbines. The
two turbines are anticipated to annually produce approximately 7,884,000 KWH of power. Bluestem, LLC will sell the power produced to the Nebraska Public Power District under its executed power purchase agreement with NPPD
USDA offers the Rural Energy for America program to rural businesses, farms and ranches in communities of 50,000 or less. The program finances 25 percent of the cost of installing a renewable or energy efficient system and can help finance energy efficiency feasibility studies and energy audits.
USDA Rural Development serves as the lead federal agency for rural development needs by offering financial and technical assistance to individuals, businesses and communities. USDA Rural Development programs include funding for day care centers, fire trucks and other community facility projects; the purchase, construction or repair of homes; loans and guarantees to rural businesses to save or create jobs and renewable energy; and loans and grants for water and sewer utility projects.
Contact USDA Rural Development
USDA Rural Development has seven offices across the state serving Nebraskans living in rural areas and communities. Office locations include a State Office in Lincoln, along with Area Offices in Ainsworth, Kearney, Lincoln, Norfolk, North Platte, and Scottsbluff.
Further information on this and other programs offered by USDA Rural Development is available by calling (402) 437-5551, by visiting www.rurdev.usda.gov/ne or at any local area office.