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.
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As with the fresh new capacity report, things are not looking too bright when it comes to electricity generation. There’s still a lot of grey — in the bar charts below, in the skies near fossil fuel power plants, and in the human and planetary outlook based on how slowly we are cutting fossil fuel electricity generation.
As you can see in the charts above, wind and solar energy generation increased notably from the first half of 2017 to the first…