Developer First Wind will sell nearly 75% of electricity to be generated by the planned 51MW Hancock wind project in Maine to the Massachusetts Municipal Wholesale Electric Commany (MMWEC).
The 25-year, fixed-price contract will enable MMWEC to resell the power at cost to 17 of its member municipal utilities.
"This contract brings competitively priced energy from the Hancock Wind project to the MMWEC power portfolio and to the customers of our municipal utilities,” says MMWEC chief executive Ronald C. DeCurzio. “It also brings a valuable measure of diversity and price stability to the MMWEC resource mix at a time when the region’s reliance on natural gas is of concern.”
The Hancock project will utilize 17, 3MW turbines. Spokesman John LaMontagne tells Recharge that First Wind is in negotiations with a supplier for the turbines but could not provide more information at this time.
He expects the project to become operational in late 2014 or early 2015.
Burlington Electric Department in Vermont is purchasing the remaining energy from the Hancock Wind project.