PROJECT SUMMARY
In September 2011, the Department of Energy issued a $169 partial million loan guarantee through the Financial Institutions Partnership Program (FIPP) to finance Granite Reliable, a 99-MW wind power generation project. Granite Reliable reached full commercial operations in February 2012.
TECHNOLOGY INNOVATION
Granite Reliable was one of the first onshore wind farms in the United States to use a 3 MW wind turbine for its electrical generation technology. The generation capacity of these turbines reduces project costs on a per megawatt basis.
ECONOMIC IMPACT
Granite Reliable created 198 construction jobs and is expected to support 6 permanent jobs.
CLIMATE BENEFIT
Granite Reliable is expected to generate 224,000 megawatt-hours of clean energy each year. It will prevent 130,000 metric tons of carbon dioxide emissions annually.
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PROJECT SUMMARY |
Owners |
BAIF Granite Holdings & Freshet Wind Energy |
|---|---|---|
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Location |
Coos County, New Hampshire |
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FINANCIAL SUMMARY |
Loan Program |
Title XVII |
|
Loan Type |
Partial Loan Guarantee |
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|
Loan Amount 1 |
$169 Million |
|
| Issuance Date |
September 2011 |
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| ENERGY SUMMARY |
Operation Status |
Operating |
|
Generation Capacity |
99 MW | |
| Projected Annual Generation 2 | 224,000 MWh | |
| ECONOMIC IMPACT | Permanent U.S. Jobs Supported | 6 |
| U.S. Construction Jobs Supported 3 | 198 | |
| CLIMATE BENEFIT | CO2 Emissions Prevented Annually | 130,000 Metric Tons |
| NOTES |
Loan fully repaid in August 2021. All information is up-to-date as of June 2017 and will not be further updated. 1 Approximate amount of the loan facility approved at closing including principal and any capitalized interest. 2 Calculated using the project's and NREL Technology specific capacity factors. For cases in which NREL's capacity factors do not encompass project's specific design and operation, project specific capacity factors are used. 3 Estimated at the time of closing. |
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PROJECT PHOTOS
