Noble’s problems were linked to the failure of Lehman Brothers Holding,Inc. one of the company’s main backers.
Though the poor economic outlook prevents us from speculating on our 2009 development plans, we will continue to evaluate the financial markets and the Grandpa’s Knob Windpark, Noble Chief Executive Officer Walter Howard said. Noble firmly believes that the State of Vermont’s good wind resources and tradition of environmental stewardship hold great opportunity for future wind development and construction.
Two meteorological towers went up in the area in early 2008, measuring wind speed, wind direction and temperature at the site.
There’s an ongoing wind resources assessment, King said. That’s unchanged.
I guess I’m discouraged that any business would feel the need to narrow its operations because of the economic times we’re living through, Pittsford Town Manager John Haverstock said.
Haverstock hoped that the incoming presidential administration is interested in subsidizing alternative energy production it will provide a shot in the arm to companies like Noble.
We were looking forward to working with Noble and seeing what they could do with the town, Castleton Town Manager Charles Jacien said.
