Catamount and Marubeni End Vermont Wind Energy Project

Catamount Energy Corporation and Marubeni Power International are ending development of the Glebe Mountain Wind Energy Project in Vermont.

In a statement issued by Catamount and Marubeni, they said, “We believe that wind energy is important for the environment and is a necessary piece of the energy supply puzzle. Even though we think that the Glebe project would be good for the state, a majority of the local community was opposed to the project and Vermont’s governor has stated that he opposes utility-scale wind projects.” Catamount CEO James Moore said, “We thank the supporters of our project, and they should be encouraged by the near doubling of wind energy capacity in the United States since 2002 and the growing support for new wind projects in dozens of states across the country. As Vermonters, we respect the wishes of the local population and the state’s position on wind energy so we thought it was time to end our development efforts in the state.” Catamount is a developer, owner and operator of wind energy projects and has been in the business of providing clean, cost-competitive electricity in the U.S. and Europe for 19 years. Marubeni develops, owns, and operates power projects around the world, owning more than 2,000 net megawatts (MW) of generating capacity, and more than 500 MW of renewable energy generation.

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