U.S. Energy Secretary Steven Chu today announced the offer of a conditional commitment to Record Hill Wind LLC for a $102 million loan guarantee.
The loan guarantee will support the Record Hill wind project, which includes a 50.6 megawatt wind power plant and an eight mile transmission line and associated interconnection equipment near the town of Roxbury, Maine. Developed and managed by Wagner Wind Energy of New Hampshire and Independence Wind of Maine, Record Hill is sponsored by the Yale University Endowment fund. In addition to providing clean, renewable power to New England's grid, the sponsor expects the project to create 200 construction jobs in Maine.
"Today's announcement is good for this country's clean energy future, and it's good for the people of Maine who will benefit from the jobs generated by this project," said Secretary Chu. "Record Hill introduces an innovative technology to the U.S. that will boost domestic wind generation and help us reach President Obama's goal of doubling clean energy produced in America by 2035."
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