DOE Offers Conditional Commitment For Loan Guarantee For N.H. Wind Project

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The U.S. Department of Energy (DOE) has offered a conditional commitment to Granite Reliable Power LLC to provide up to $135.76 million in loan guarantees for a new wind project.

The 99 MW project will be located in the central portion of Coos County in northern New Hampshire, approximately 110 miles north of Concord. According to project sponsors, the project will create nearly 200 construction jobs.

The wind will consist of 33 Vestas V90 3 MW wind turbines. The majority of the power from the project will be sold to Central Vermont Public Service and Green Mountain Power. WestLB AG is the lender-applicant for the project, which was submitted under the Financial Institution Partnership Program.

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