The contracts are for 20 years and involve a total capacity of 100 MW spread across five projects in southern Idaho where they will generate energy for Ada, Elmore, Owyhee and Power counties. Completion of each project is expected in 2016 and collectively they will generate around 250,000 MW annually, enough power to supply 30,000 homes.
The projects will also raise close to $10 million in direct property tax over 20 years.
“These five projects will deliver clean, renewable solar energy to homes and businesses in Idaho at a cost-competitive price” said Paul Gaynor, CEO of First Wind. “The new long-term contracts with Idaho Power Company will enable us to move forward quickly and create a source of major economic activity for Idaho through good construction jobs and significant local tax revenues.”
First Wind also has four solar projects in Massachusetts currently operating with additional solar projects in development in Hawaii and Utah. The company also operates the 45 MW Power County Wind project in Idaho on behalf of a third-party owner. Its major focus is on the development, financing, construction, ownership and operation of utility-scale renewable energy projects in the US where it currently has a combined capacity of nearly 1,300 MW.
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