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Print Edition StoriesThe U.S. Department of Energy has signed off on a partial guarantee for a $168.9 million loan that will support a 99 megawatt wind generation project in New Hampshire’s Coos County.
The project will feature 33 Vestas V90 3 megawatt wind turbines, and is designed to power nearly 20,000 homes.
The project, Granite Reliable Power LLC, is sponsored by BAIF Granite Holdings LLC and Freshet Wind Energy LLC, who said the project will fund nearly 200 construction jobs.
Most of the power generated by Granite Reliable Power will be sold to two Vermont utilities, Central Vermont Public Service and Green Mountain Power.
Energy Secretary Steven Chu said in a press release, “America’s wind energy resources are abundant, clean and mostly untapped. Continued investments in this source of emissions-free energy will strengthen the economy, create good American jobs and help the nation compete with other countries that are quickly scaling up wind power generation.”
The loan guarantee was made under the Financial Institution Partnership Program to lender WestLB AG and provides a guarantee of up to 80 percent of a loan.
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