Financing Completed For Alaskan Wind Project

Posted by NAW Staff on December 19, 2011 No Comments
Categories : Projects & Contracts

Financing for Alaska's largest wind power project has been completed, according to Summit Power Group and Cook Inlet Region Inc. (CIRI).

According to Summit Power, construction of the Anchorage-based Fire Island wind project will begin immediately, with completion scheduled for late 2012. The Chugach Electric Association (CEA), the largest electric utility in Alaska, will purchase the power from the project. In October, the Regulatory Commission of Alaska approved Fire Island's power purchase agreement with CEA.

When completed, the Fire Island wind project will be Alaska's largest wind power project, Summit says. The project will be owned and operated by Fire Island Wind LLC (FIW), a subsidiary of CIRI.

Although the total project is planned for 33 wind turbines, the first phase of 11 turbines will have a 17.6 MW nameplate capacity and is expected to supply 51,000 MWh of power to Chugach annually.

FIW is scheduled complete construction of the turbines and the undersea transmission line from Fire Island by fall 2012.

Leave a Comment