ELIZABETH CITY, N.C. (AP) -- The largest wind farm ever proposed in North Carolina is on hold because utilities have decided the project's power is too costly.
Iberdrola Renewables says construction won't begin because there are no agreements to buy electricity from its Desert Wind Energy project near Elizabeth City. The company no longer expects to meet its earlier completion target next year.
State regulators in May approved the project that's been two years in planning.
Iberdrola signed real-estate agreements with about 40 property owners in northeastern Pasquotank and Perquimans counties for the rights to build 150 wind turbines as tall as 50 stories.
Company spokesman Paul Copleman says the wind project could start if electric companies agree to buy the power.