ALTONA Despite reports of financial difficulties affecting Noble Environmental Power, the companys wind energy development project in the town of Altona is expected to continue as planned, said one local official. In a statement issued by Noble Environmental Power, company chief executive officer Walter Howard stated conditions in the financial markets have led Noble to scale back its development plans for 2009 and, as a result the company will be cutting back its workforce We deeply regret this unfortunate situation, Howard stated. We believe that we have assembled an exceptional group of people at Noble, and these decisions have been extremely difficult for me, our company founders, and others in management. We value all of our employees, and we appreciate their hard work and dedication to Noble. Maggy Wisniewski, a representative of Noble Environmental Power, said the corporation had no further comment as to whether or not the cutbacks resulted in an actual work stoppage at the Bellmont and Chateaugay facilities, as has been reported. Wisniewski would not confirm whether or not the cutbacks will affect the Nobles development in Altona. However, according to Altona Supervisor Larry Ross, Noble representatives have stated the Bellmont and Chateaugay projects will move forward as planned. The project in the town of Altona will also proceed, with that site expected to begin generating power in November. They told me theyre going to finish every project theyve started. Theyre just not going to take on any more new ones until the economy straightens out, said Ross. The Altona wind energy development, which will contain 65 turbines, is expected to produce enough power for 32,500 homes and create $75 million in local economic benefits, according to statistics on the Noble Environmental Power Web site, www.noblepower.com. The Bellmont and Chateaugay facilities are expected to consist of 71 turbines and 14 turbines, respectively, upon completion. In the September edition of the companys newsletter, Noble News, an article states all 65 turbines at the Altona site and all 71 turbines at Chateaugay have been installed, with work continuing on electrical collection systems and substations. There was no mention of the progress made at the Bellmont site.