The move comes after the company filed a lawsuit against a central Indiana zoning board in 2013, claiming it increased the distance wind turbines had to be from property lines, according to the Associated Press.
The Colorado-based developer also claimed that Tipton Board of Zoning Appeals decision of requiring a property value guarantee plan in order to protect property owners who are non-participating in the project effectively rendered the project impossible to build.
Earlier, the company announced its plan to invest $300m in the wind farm project.
Defending the stipulations, Zoning appeals board chairman Jerry Acres said, "Our objective during this entire process was to ensure that the ordinances of Tipton County were upheld and to preserve the integrity of the BZA."
Image: Juwi Wind withdraws plan for wind project development in Tipton County Photo: courtesy of satit_srihin/Freedigitalphotos.net.
