First Wind has reached an agreement with Vermont-based Burlington Electric Department (BED) to sell the utility power generated from Hancock Wind, a planned project near Ellsworth, Maine.
Under the deal, BED will buy 25% of the power and renewable energy certificates (RECs) generated at the 54 MW wind farm for the next 10 years under a fixed price. According to First Wind, the deal will help BED meet its goal of supplying 100% of its supply needs from renewable resources, bringing the utility to 92%.
"Stably priced, clean, green and locally generated power is the way to keep our economy strong and our environment clean," comments Barbara Grimes, general manager of BED.
When built, the Hancock Wind project will feature 18 turbines with a capacity of 3 MW each, and it will be situated near the operating 34 MW Bull Hill Wind project in Hancock County, Maine, which began operations in November 2012.