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Nepal, the Maldives, and Bhutan could lose around 2 percent G.D.P. due to climate change – A.D.B. report

Nepal, the Maldives, and Bhutan could lose around 2 percent G.D.P. due to climate change – A.D.B. report

Nepal, the Maldives, and Bhutan could be looking at economic losses of around 2 ...

South Asian countries face economic losses due to climate change – A.D.B. report

South Asian countries face economic losses due to climate change – A.D.B. report

Various countries in the South Asian region are looking at significant losses du...

World Bank aids Laos’ hydropower with $40 million in financing

World Bank aids Laos’ hydropower with $40 million in financing

The World Bank Group has inked two agreements for around $40 million in financin...

Vestas, EP Global Energy partner for donor-funded wind farm in Jordan

Vestas, EP Global Energy partner for donor-funded wind farm in Jordan

Wind turbine manufacturer Vestas and private energy asset developer EP Global En...

World Bank commits $5 billion for African renewable energy projects

World Bank commits $5 billion for African renewable energy projects

The World Bank Group has committed US$5 billion towards supporting energy projec...

Seven creative ways to teach your kids about eco-living

Seven creative ways to teach your kids about eco-living

According to Bureau of Labor Statistics, 3.1 million jobs in the United States w...

$50 million A.D.B. loan to develop Indonesia’s geothermal potential

$50 million A.D.B. loan to develop Indonesia’s geothermal potential

The Asian Development Bank will provide Indonesia a loan of up to $50 million to...

Business

Technology

Charging and recharging lithium-ion batteries less damaging then believed

Charging and recharging lithium-ion batteries less damaging then believed

Tuesday, 16 September 2014

Rapid charging and discharging isn’t as damaging to lithium-ion batteries as originally thought, according to researchers from Stanford University. Li...

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Politics

China takes big step in reducing ozone depleting gases

China takes big step in reducing ozone depleting gases

Tuesday, 16 September 2014

China has taken a big step towards reducing its hydrochlorfluorocarbons by closing down five HCFC production lines. The closure of the five HCFC produ...

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Living Green

How the garden office could offer you a greener lifestyle, and cut traffic congestion too

How the garden office could offer you a greener lifestyle, and cut traffic congestion too

Tuesday, 16 September 2014

“A typical organization’s largest environmental footprint, especially energy use and pollution emissions, can be traced to its employees’ travel to an...

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Renewables

Largest 100% biomass-fueled power plant in North America opens in Ontario

Largest 100% biomass-fueled power plant in North America opens in Ontario

Tuesday, 16 September 2014

North America’s largest 100 percent biomass fueled power station is now operating in Ontario, Canada. The Atikokan Generating Station was previously a...

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Low-Carbon

Aleees, Sony to build electric buses in Taiwan

Aleees, Sony to build electric buses in Taiwan

Saturday, 06 September 2014

Taiwanese electronic bus manufacturer Aleees will be teaming up with Sony to develop a new electric bus. Beginning this September, Aleees and Sony agr...

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Opinion

Unsustainable urban life: What's next?

Unsustainable urban life: What's next?

Wednesday, 11 June 2014

Nutrition plays a critical role in everyone’s chance at a better future. Hunger, said Benjamin Franklin once, is the best pickle. Some say “pickle”...

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First Wind gets $76 million for their fifth Maine wind farm

United States wind company First Wind is set to begin construction on their fifth wind project in the state of Maine, the 34-megawatt Bull Hill Wind, after getting hold of $76 million in construction financing.

A subsidiary of First Wind closed the $70 million non-recourse construction loan and $6 million in letters of credit for the project.

Bull Hill Wind will install 19 Vestas wind turbines on Bull Hill and Heifer Hill ridges in Hancock County, Maine. Installation is expected to take place during the summer of 2012, and the project is expected to be online by yearend.

The output of the project will be sold to NSTAR under a long-term power purchase agreement.

Bull Hill will create at least 200 construction jobs, with Maine-based contractor Reed & Reed hiring local businesses and subcontractors.

The surrounding communities in Eastbrook and Hancock County will also be receiving revenue from the project through an average aggregate tax payment of approximately $100,000 annually for the next 20 years and an additional $240,000 annually in community benefit payments.

According to Paul Gaynor, First Wind chief executive, the Bull Hill Wind Project will boost their capacity to generate power in Maine to nearly 220 MW.

First Wind has four other wind projects producing electricity in Maine, including the 42-MW Mars Hill Wind project in Aroostook County, the 60-MW Rollins Wind Project in Penobscot County and the 57-MW Stetson Wind and 26-MW Stetson Wind II in Washington County.

The four installations generate power for about 85,000 households with the Bull Hill project expected to supply power for another 18,000 homes.

Boston-based First Wind has projects in the Northeast, the West and Hawaii for a generation capacity of 750 MW plus an additional 230 MW currently under construction. Last month they completed construction financing for what is said to be Hawaii's largest wind project, the 69-MW Kawailoa Wind.



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