The world’s fourth largest wind energy producer recently announced plans to build a new wind farm in Paulding County.
EDP Renewables will construct a 125-megawatt farm near Payne, Ohio, producing enough energy to power 36,000 homes. The Timber Road IV Wind Farm will include up to 37 turbines which will span more than 20,000 acres across several townships in Paulding County.
This $150 million investment will necessitate the creation of approximately 200 full-time jobs during construction, which should begin soon and be completed by the end of 2019. Seven permanent jobs will be required during operations. Property tax revenues and land lease payments to local farmers and landowners should exceed $1 million annually.
According to the company’s press release, the Timber Road IV Wind Farm will be EDP Renewable’s fourth wind farm in Ohio (all in Northwest Ohio). The company already has two other farms in Paulding County and one in Hardin County. Those three exisiting wind farms represent more than $500 million of capital investment and power 76,000 homes.