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Maine Clean Energy Project Awarded $40 Million PDF Print E-mail
Monday, August 31 2009
WATERVILLE, ME – Today, Congressman Mike Michaud praised the announcement by the U.S. Department of Treasury and the U.S. Department of Energy that Evergreen Wind Power V, LLC will receive $40,441,471 for the Stetson Wind Project in Washington County, Maine.  The project in Maine is one of twelve included in a first round of awards, totaling $502 million, from an American Recovery and Reinvestment Act (Recovery Act) program that provides cash assistance to energy production companies. The new funding creates additional upfront capital, enabling companies to create jobs and begin construction.

“These investments mark a major milestone in our country’s efforts to promote clean, renewable energy,” said Michaud.  “This project in Maine, along with others like it throughout the United States, will help move our national economy forward by creating clean energy jobs and new sources of renewable power.”

According to the Department of Energy, the Stetson Wind Project is a 57 MW wind power facility located in Washington County, Maine. The project consists of 38 individual 1.5 MW GE SLE turbines, a substation, and O&M building, access roads and a 34.5kV collection system. As part of the project, a 38 mile transmission line was also constructed to connect Stetson Mountain to the regional electricity grid.

Nationwide, the Recovery Act program is expected to provide more than $3 billion in financial support for clean energy projects by providing direct payments.  These payments will support an estimated 5,000 bio-mass, solar, wind, and other types of renewable energy production facilities in all regions of the country over the life of the program.  As a result of this first round of funding, more than 2,000 Americans will have access to jobs in the renewable energy industry – both in construction and in manufacturing – while moving the nation closer to meeting the Administration's goal of doubling renewable energy generation in the next few years.

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