First Wind Holdings LLC has closed on a $117 million loan guarantee from the U.S. Energy Department to build a wind farm in Kahuku, the federal agency said yesterday.
The 30-megawatt project is being built by Kahuku Wind Power LLC, a unit of Newton, Mass.-based First Wind. The project is expected to create more than 200 jobs, the Department of Energy said in a news release.
The power will be sold to Hawaiian Electric Co., Oahu's only electric utility, under a 20-year contract. First Wind broke ground on the project this month and plans to complete it by early 2011.
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