Wind farm receives DOE loan guarantee
The financial aid will support the Record Hill wind project, a 50.1 megawatt wind power plant and transmission line in Maine.
The project is being developed and managed by Wagner Wind Energy of New Hampshire and Independence Wind of Maine. Record Hill is sponsored by the Yale University endowment fund.
Under loan guarantees, the federal government agrees to pay portions of private loans in case the companies default.
Related News
Canada and Manitoba invest in new turbines
WINNIPEG - The governments of Canada and Manitoba have announced a joint investment of $475.6 million to strengthen Manitoba’s clean electricity grid and ensure continued supply of affordable and reliable low-carbon energy.
This federal-provincial investment provides $314 million for eight new hydroelectric turbines at the 75 MW Pointe du Bois Generating Station on the Winnipeg River, as well as $161.6 million to build a new 230 kV transmission network in the Portage la Prairie area.
The $314 million joint investment in the Pointe du Bois Renewable Energy Project includes $114.1 million from the Government of Canada and nearly $200 million from the…
