Osborn, wind developer reach agreement
The town of Osborn has approved an agreement to receive $1.87 million over 20 years in exchange for letting the parent company of First Wind develop 14 wind turbines there.
The Ellsworth American reported that the agreement with Missouri-based SunEdison will give the Hancock County town annual payments of $56,000 over 20 years, with the remaining $750,000 to be paid in two lump sums for public safety costs and an energy conservation fund. The project is expected to increase the value of homes and in turn decrease the tax rate by 75%.
SunEdison’s wind project, called Weaver Wind, will consist of 14 wind turbines in Osborn and eight in the neighboring town of Eastbrook. They aren’t expected to go online until 2017.
Source: Ellsworth American
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