in News Departments > FYI
print the content item

Boston-based developer First Wind says it achieved record growth in 2013 by securing commitments for some 750 MW in new renewable energy projects, including about 600 MW of wind power.

At the start of 2013, following the extension of the federal tax credits, First Wind announced that it planned to increase its operating portfolio of wind projects by 50%. By adding nearly 600 MW in planned new wind projects to the company's 1 GW operating portfolio, First Wind says it was able to surpass those projections.

In addition, the company has added solar power to its portfolio and will complete 17 MW of solar projects by the summer and has another 150 MW of solar projects in late stages of development.

“The expansion of our portfolio by about 75 percent has and will continue to translate into real jobs, regional investment and most importantly, competitively priced new sources of clean energy for consumers,” says Paul Gaynor, CEO of First Wind.

“Last year was a success, in large part because of strong state and federal renewable energy policies,” he adds. “As we move into 2014, I hope that there will be continued leadership on a state level and that a predictable federal renewable energy policy is implemented as soon as possible.”



IOWA Economic Development id2073

Trachte_id2056
Latest Top Stories

More Investors Entering Tax Equity Market; Returns Holding Steady

The entry of new tax equity investors to the wind space last year re-ignited an old debate.


Report: Top 10 Turbine OEMs Had Record Year In 2014

Preliminary findings suggest Vestas reigned supreme again among the world's leading wind turbine makers. How did some of the other OEMs fare?


AWEA's Gramlich To FERC: Additional Transmission Needed Regardless Of Clean Power Plan

To further build a more balanced and reliable electricity portfolio, the U.S. needs to build more transmission capacity.


Getting A Grip On Grinding Gearboxes: Why Such Events Need Not Be Showstoppers

Despite advances in gearbox reliability - namely, from condition monitoring systems and greater design standardization - challenges remain.


How Wind Energy Can Meet EPA Clean Power Plan Requirements

According to the American Wind Energy Association, wind power is a cost-effective solution for complying with the environmental effort.

Hybrid Energy Innovations 2015