http://www.mankatofreepress.com/local/local_story_335001753.html?keyword=secondarystorySt. Peter schools are usually focused on the business of education.
But it looks like the district will be getting into a new business venture: wind energy.
Thursday, the St. Peter School District received approval for $3 million in no interest bonds — under the federal Clean Renewable Energy Act — to invest in a wind energy project organized by Johnson Controls Inc., the districts energy efficiency coordinator.
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According to conservative company projections, the St. Peter School District would net about $30,000 of profit per year from a wind turbine for 15 years. After that — once the bonds are paid off — it is estimated the district will rake in at least $125,000 per year.
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