Galloo Island Wind Farm “on hold” for at least six months; low price of electricity cited

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By JAEGUN LEE
TIMES STAFF WRITER
SATURDAY, JULY 7, 2012

The all-time-low price of electricity has put wind energy projects in the U.S. — including the Galloo Island Wind Farm proposed in the town of Houns-field — on hold, according to Galloo’s developer.

“Electrical power prices are currently at an all-time low because of an oversupply of natural gas due to hydro-fracking. This has put wind energy projects on hold generally throughout the country, including the Galloo project,” said Thomas L. Hagner, president of Upstate New York Power Corp., in an email. “The entire U.S. wind energy industry is waiting to see when this turns around.”