in News Departments > FYI
print the content item

First Wind has made the first payment to the Town of Oakfield, Maine, in the amount of $600,000 as part of a community benefit agreement related to a 148 MW wind project.

The developer began early construction on the wind farm in late 2013, and First Wind says the Oakfield project will provide $12 million in community benefit payments over the next 20 years. In addition, the company is scheduled to make about $15 million in tax payments over the next 20 years.

“We are pleased to make this initial payment, and we are looking forward to helping support and contribute to the business community in Oakfield and surrounding areas,” comments Paul Gaynor, CEO of First Wind, adding that the company is “committed to building partnerships in our project communities.”

Ninety percent of the funds from this first payment will be used for tax relief for town residents. Dale Morris, town manager of Oakfield, says, “From the beginning, we’ve wanted to ensure that Oakfield residents see the real benefits of this project.”

Major construction of the project is slated to start later this year, with a completion and generation date predicted for 2015. Vestas will supply the project with 48 units of its V112 turbines, each with a capacity of 3.075 MW.




Trachte Inc._id1770
Latest Top Stories

Setting The Record Straight: How Many Birds Do Wind Turbines Really Kill?

Several peer-reviewed studies are more or less in agreement with avian mortality rates caused by wind turbines. However, one study, which is wildly off from the others, is most often cited in the media. Why?


Six Takeaways From The IRS' Start Of Construction Guidance: What You Need To Know

The IRS recently issued guidance to wind developers to further spell out what "start of construction" means. Will you be covered?


Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.

Canwea_id1984
Renewable NRG_id1934
Tower Conference_id1965