MassDevelopment’s $3M bond powers Scituate wind project

By Michelle Lang

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A wind power project planned for the town of Scituate just got one step closer to reality.

MassDevelopment, a finance and development agency for Massachusetts businesses and organizations, has issued a $3 million Qualified Energy Conservation Bond for Scituate Wind LLC to build a 1.5 megawatt wind turbine on leased town property. The turbine will support Scituate’s wastewater treatment plant, plus supply additional energy credits for the town.

Scituate Wind was founded in 2009 as a joint venture between Solaya Energy LLC and Palmer Capital Corp.

The bond, bought by Cambridge Savings Bank, consisted of $1.5 million allocated from the Department of Energy Resources and the Executive Office of Administration and Finance, and $1.5 million from Plymouth County.

Scituate Public Works director Albert Bangert said in a statement that the wind power project should provide the town with half of its municipal power needs for 15 years, with the potential to extend the lease for another 10 years.

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