The charge to care for God’s creation and leave a better world for future generations is a responsibility we all carry. The MMA Praxis Intermediate Income Fund exhibits this stewardship investing value by investing in bond issues that help finance major wind and solar energy projects.

One of these projects is the Biglow Canyon Wind Farm in Sherman County, Oregon. This wind farm is a project of Portland General Electric Company (PGE) and will eventually include 217 wind turbines – 76 are already operational and generating electricity. The Biglow Canyon facility will help PGE with its plans to satisfy Oregon’s renewable energy standard, which requires the utility to meet 15 percent of its load with renewable resources by 2015 and 25 percent by 2025.

The second bond investment is in FPL Energy/Caithness Funding Corp’s solar farm in the Mojave Desert of California. The bond issue was used to fund construction of two 80 Megawatt solar electricity generating stations and continues to help finance other aspects of the project. The solar electricity generated is sold to Southern California Edison, an electric utility.

Combined, these investments are valued at around $1.2 million. When possible, MMA seeks to invest in projects that produce clean, renewable energy.

This entry was posted on Friday, May 22nd, 2009 at 12:18 pm and is filed under MMA, Environment, Chris. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.