First Wind, a US-based renewable energy firm, has signed an agreement with Burlington Electric Department (BED) to sell the utility power generated from the planned Hancock Wind project near Ellsworth, Maine.
As part of the deal, the company will sell 25% of the power and renewable energy certificates (RECs) generated at the 54 megawatt (MW) wind farm to the Vermont utility for the next 10 years under a fixed-price agreement.
The Hancock Wind project, which will be situated near the operating 34 MW Bull Hill Wind project in Hancock County, will feature 18 turbines with a capacity of 3 MW each, when built.
BED general manager Barbara Grimes said, “BED has a goal of bringing more renewable power to its customers, and this contract will help us achieve that goal.”
First Wind CEO Paul Gaynor said the company is happy to help BED meet its renewable energy goals.
“This project will help provide clean, renewable energy to Burlington ratepayers at a highly competitive cost, and the Hancock Wind project will deliver significant economic benefits throughout Down East Maine,” Gaynor added.
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By GlobalDataCurrently, the company operates five wind projects in Maine and one in Sheffield, Vermont, which together generate electricity to power about 100,000 homes.
Throughout the US, First Wind develops, finances, builds and operates utility-scale renewable energy projects.
