A new contract between Genoa and AMP-Ohio will allow the village to add wind turbine electricity to its service portfolio.
Genoa is one of several hundred members of the AMP-Ohio consortium and its involvement allows the village to buy power at competitive rates from a number of different sources.
Village council met last week to review a proposal for AMP-Ohio subscription. However, there were only four council members in attendance and the issue could not be voted on, Village Administrator Kevin Gladden said.
The contract will now be discussed at the May 23 meeting. The legislation needs to be passed by June.
Specifically, the village would subscribe to the electricity generated at the Blue Creek Wind Farm in Paulding and Van Wert counties.
There are currently 152 wind turbines generating energy there. There will eventually be 175 turbine generators on the 40,500-acre project site, according to the website for Iberdrola Renewable Inc., the company that operates the wind farm.
“We buy from that farm’s projects and it adds more green energy to our portfolio,” Gladden explained.
The AMP-Ohio contract asks for municipalities to have 25 percent renewable energy investments overall in its municipal portfolio, Gladden explained.
Genoa also subscribes to various other energy generating sources such as a couple of hydro projects, gas turbines and waste emissions.
Last year, locally, Genoa joined in service with AMP-Ohio to get electricity from the Fremont Energy Plant, formerly known as Calpine.
“We have a variety of sources,” Gladden said.
Regarding this newest venture, he added, “The prices look very good and are competitive.”
Courtney and Associates of Findlay reviewed the AMP proposal and recommended the village approve a slightly lower percentage than AMP has proposed for the 10-year contract, Gladden said.
The administrator noted the village is not part of the Bowling Green Wind Turbine project located along State Route 6. The project came under review several years ago but the council then opted out, he said.
The village will accumulate carbon credits for its part in the wind turbine project. Those credits can be sold back to AMP for use in its portfolio and on future projects, Gladden said.
A carbon credit is a generic term for any tradable certificate or permit representing the right to emit one ton of carbon dioxide of the mass of another greenhouse gas of equivalent value.
Carbon credits and carbon markets are a part of national and international attempts to quell the growth of greenhouse gases around the world. Credits are often bought and sold worldwide in carbon regulating projects.