Sunday, March 07, 2010

Wind farm developer gets loan guarantee

A Mainland wind farm developer has received a $117 million federal loan guarantee to pay for construction of its planned Kahuku project on Oahu.

First Wind, based in Boston, announced the award Friday from the U.S. Department of Energy. It will use the financing to install 12 wind turbines that will generate a total of 30 megawatts of electricity — enough to power approximately 7,700 Oahu homes. The power will be sold to Hawaiian Electric Co.

More at Pacific Business News

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