Now that legal obstacles to the Icebreaker project have been removed, efforts to construct the demonstration wind farm in Lake Erie have started up again, and proponents are hopeful that conditions are now ripe for success.
CLEVELAND, Ohio -
“Now that we got the ruling, and it was favorable, we’re kind of going back and reactivating all those conversations,” said Will Friedman, president and CEO of the Cleveland-Cuyahoga County Port Authority and LEEDCo chairman. Ideally, Friedman said, the transition to another developer would be smooth and would mean paying Olsen for any assets that it owns that would still provide value to the project.
The bottom line, Friedman said, is that momentum has swung toward the wind industry, at least at the federal level where new tax provisions contained in the Inflation Reduction Act bode well for Icebreaker, but Freidman would still like to see more support from elected officials in the state. Rep. James Hoops, a Republican from Napoleon who chairs the committee, did not return a call seeking comment.It will take an estimated $173 million to finance and construct Icebreaker, which has $37 million left of a federal grant from the Department of Energy. Friedman said the status of the remaining grant money is “stable” but that LEEDCo will have to show progress to keep it from being rescinded. He said there may also be a chance to tap into “other federal funds we might be eligible for.
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