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Communities invest in wind coops

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Last week, the Spanish utility, Iberdrola, announced it wanted to invest $2 billion in wind power development in New York. Governor Patterson praised the company, saying the move would be an "unprecedented investment in clean energy" in the state. Big corporations are no strangers to New York wind power. Iberdrola is already part-owner of the massive Maple Ridge wind farm on the Tug Hill Plateau. JP Morgan owns the new wind farms in Clinton County. And BP Global wants to erect turbines in Cape Vincent. Many of the debates over wind farms in the North Country center around whether these companies give back as much as they reap in profits. A smaller company based in Minnesota is rolling out a different model on the High Plains of the Midwest. National Wind is developing 700 megawatts of wind power by inviting the host communities to become co-owners. CEO Leon Steinberg told David Sommerstein traditionally wind developers buy leases from landowners to erect turbines on their property. National Wind takes a different approach.

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Reported by

David Sommerstein
Reporter/ Producer

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