Wind farm receives DOE loan guarantee

subscribe

The Department of Energy said it has offered a conditional $102 million loan guarantee to support a wind farm in Maine.

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

usa generation

Solar + Wind = 10% of US Electricity Generation in 1st Half of 2018

WASHINGTON - To complement our revival of US electricity capacity reports, here’s a revival of our reports on US electricity generation.

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…

READ MORE
Ontario rolls out ultra-low electricity rates

Ontario rolls out ultra-low electricity rates

READ MORE

final bill notice

Hundreds facing hydro disconnection as bills pile up during winter ban

READ MORE

FPL Proposes Significant Rate Hikes Over Four Years

FPL Proposes Significant Rate Hikes Over Four Years

READ MORE

brenmiller-energy-and-new-york-power-authority-showcase-thermal-storage-success

Brenmiller Energy and New York Power Authority Showcase Thermal Storage Success

READ MORE