Sale of Hancock County wind farm project puts it on fast track toward completion

A Canadian investment firm has acquired the roughly $150 million Weaver Wind project in Hancock County and intends to begin installing turbines on the state’s newest wind farm in February.

The land-based wind farm project, which has been in planning stages for five years, is scheduled to be up and running by October 2020. It will comprise 22 turbines and is expected to produce 72.6 megawatts of wind energy, enough to power 15,000 to 20,000 Maine homes annually. The developer has signed a 20-year contract to sell its wind power to electric utility Emera Maine.

The firm, Fengate Asset Management of Toronto acquired the project from Longroad Energy Partners, which will continue to build and then operate the wind farm as a contractor. The purchase price was not disclosed.

When completed, the Weaver Wind project is expected to further boost Maine’s status as northern New England’s largest producer of wind power and add about 8 percent to the state’s total wind power generation capacity.

The project’s developers already have received approval from the state Department of Environmental Protection and said they plan to begin installing wind turbines in February.

“It’s quite busy right now,” said Longroad Chief Development Officer Matt Kearns, the Weaving Wind project’s lead developer, who works at the company’s Portland control center where hundreds of solar wind projects are managed. “We’re working through the winter.”

FOUR YEARS OF TESTING

Fengate is a 45-year-old asset management firm specializing in infrastructure that is based in Canada with offices in Ontario, British Columbia, Texas and New York. It has been working with Longroad since spring of this year, when the two companies signed an agreement to co-develop and finance the Weaver Wind project.

Longroad was founded by the former principals of Boston-based First Wind, Maine’s largest wind power developer, which they sold in November 2014 to Missouri-based renewable energy firm SunEdison for $2.4 billion. First Wind has invested nearly $2 billion over the past decade in nine Maine wind farm projects that produce a total of roughly 700 megawatts.

Continue here:

https://www.pressherald.com/2019/11/06/canadian-investment-firm-acq...

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Comment by arthur qwenk on November 11, 2019 at 9:18pm

More corrupt wind sprawl from the corrupt Maine legislature, bought and paid for by the wind lobby.

Comment by Penny Gray on November 7, 2019 at 5:33pm

Where are the environmentalists who so vocally and stridently oppose the corridor for reasons that aren't as awful as this?

Comment by Willem Post on November 7, 2019 at 12:55pm

"It will comprise 22 turbines and is expected to produce 72.6 megawatts of wind energy, enough to power 15,000 to 20,000 Maine homes annually."

Each turbine is about 450 ft tall, and has a capacity of 3.3 MW

22 x 3.3 = 72.6 MW

However, the PRODUCTION is about 72.6 x 8766 x 0.25 = 159,103 MWh, enough for about 159103/8 =  20,000 households 

Each Maine household uses about 8000 kWh/y, or 8 MWh/y

New England's total electricity is about 125,000,000 MWh/y, fed to grid, so this is just a tiny drop in the bucket.

Hannah Pingree on the Maine expedited wind law

Hannah Pingree - Director of Maine's Office of Innovation and the Future

"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."

https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/

 

Maine as Third World Country:

CMP Transmission Rate Skyrockets 19.6% Due to Wind Power

 

Click here to read how the Maine ratepayer has been sold down the river by the Angus King cabal.

Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT

******** IF LINKS BELOW DON'T WORK, GOOGLE THEM*********

(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/

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