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."