Illinois may be home to the Windy City, but as far as blustery days go, it’s got nothing on Maine. Now, a new 60 megawatt wind power project in Penobscot will put that weather to work in generating electricity, as First Wind has announced that it has secured $98 million in funding for the Rollins Wind Project (for which it received approval from the Maine Department of Environmental Protection over a year ago).
Previously, we covered First Wind’s Utah wind farm, the Millford Corridor, one of the largest in the West, back in 2009. Now, with the help of KeyBank, Norddeutsche Landesbank Girozentrale and JPM Capital Corporation, the Boston-based company will bring 60 megawatts of renewable energy home to the northeast grid.
The Rollins Wind Project is expected to create about 200 jobs during construction, and four local communities near the project (Lincoln, Lee, Burlington and Winn) will receive an added bonus of $785,000 a year for the next 30 years. Reed & Reed, a Maine-based contractor, has already began construction on the project and is hiring mostly Maine-based businesses and subcontractors for the project, which is expected to come online in the fall of 2011.
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