DOE Offers Loan Guarantee to New Hampshire's Largest Wind Farm
June 22, 2011
DOE announced on June 21 the offer of a conditional commitment to Granite Reliable Power, LLC, to provide up to $135.76 million in loan guarantees for a new wind generation project. The 99-megawatt (MW) project will be located approximately 110 miles north of Concord, New Hampshire. According to project sponsors, the project will create nearly 200 construction jobs.
The project will consist of 33 Vestas 3-MW wind turbines, and will generate enough electricity to power nearly 20,000 homes, avoiding the emission of more than 124,000 metric tons of carbon dioxide annually. The majority of the power from the project will be sold to Central Vermont Public Service and Green Mountain Power. DOE's Loan Programs Office has issued loans or loan guarantees, or offered conditional commitments for loan guarantees totaling over $33 billion to support 36 clean energy projects across the United States. See the DOE press release and the Loan Programs Office website.