July 23, 2014
First Wind-Emera’s $333M venture OK’d by PUC
A proposed $333 million wind energy partnership between Emera Maine’s parent company and Boston-based First Wind has been approved by Maine energy regulators.
The Bangor Daily News reported that the Maine Public Utilities Commission approved the joint venture in a 2-1 vote after it was sent back for further review by a Maine court.
The long-sought joint venture will involve Northeast Wind, a subsidiary of Emera Maine’s parent company, investing $333 in the partnership, giving it 49% ownership in JV Holdco, which holds ownership of various First Wind projects. The investment will give a boost to First Wind projects in Oakfield, Hancock and Bingham.
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Maine’s largest-to-date wind farm gets initial OK
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