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A 72.6-megawatt Hancock County wind energy farm, which twice failed to get developed, is now operating and online.
Fengate Asset Management, a Toronto-based investment firm and the current owner of the Weaver Wind project, made the announcement last week in a news release.
“Fengate is very pleased the Weaver Wind project is operational,” said Greg Calhoun, Fengate's managing director. “This project provides a new source of clean, reliable energy for Maine and is a significant renewable energy investment for our investors.”
The wind farm includes 22 turbines in the sparsely populated towns of Eastbrook and Osborn, which each cover about 40 square miles but together number fewer than 500 residents.
Plans for a similar project have failed twice in recent years, first because of environmental concerns about the turbines and then in 2015, when a developer filed for bankruptcy. Boston-based Longroad Energy bought the development rights in 2016.
The state Department of Environmental Protection approved the project in May 2019. Two months later the Maine Public Utilities Commission approved a 20-year contract for Weaver Wind to provide electricity to Emera Maine, now Versant Power, the utility serving 159,000 customers in the northern part of the state.
Fengate, which partnered with Longroad in December 2018 to launch the project, acquired all interest in Weaver Wind in October 2019.
On Monday, Fengate announced it has also purchased a newly operational 250-MW wind farm spread across three counties in Texas.
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