c0e17543_Eva_Creek_Wind_Farm_Update__Permitting
Delta Wind Farm will be financed by $43 million in private capital. Delta Wind Farm will not cost the public anything. EVA Creek will be financed through a loan of $93 million to be paid off over 18 years by GVEA members At the February Board meeting, staff reported the estimated cost of Eva Creek at $90 million. However, we expect the price to drop once the final bids are considered in June.The loan for Eva Creek is part of the Federal Stimulus. The interest rate is approximately 2.1% and will be paid off over a 18-year period. All financing costs, for either Eva Creek or Delta Wind, is reflected in the price per kilowatt hour for each project. In Eva Creek’s case, the price per kWh is 9.8 cents per kWh. Delta Wind’s cost is 12.5 cents per kWh. In other words, Eva Creek’s price is 30% less than Delta Wind’s price. [Permitting] 
Project Cost
S i t e A c c e s s
S h o v e l R e a d y
G r i d E f f i c i e n c y
I n t e g r a t i n g W i n d P o w e r
P r o j e c t e d F i n i s h D a t e
P r o j e c t C o s t
P r o j e c t e d S a v i n g s
P u b l i c F i n a n c i a l R i s k
P r o v e n E x p e r i e n c e a n d F o l l o w T h r o u g h
Eva Creek Wind Farm Update
Permitting