GRANITE RELIABLE

Loan Programs Office

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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.

 

PROJECT STATISTICS: GRANITE RELIABLE

PROJECT SUMMARY

Owners

BAIF Granite Holdings & Freshet Wind Energy

Location

Coos County, New Hampshire

FINANCIAL SUMMARY

Loan Program

Title XVII

Loan Type

Partial Loan Guarantee

Loan Amount 1

$169 Million

Issuance Date

September 2011

ENERGY SUMMARY

Operation Status

Operating

Generation Capacity

99 MW
Projected Annual Generation 2224,000 MWh
ECONOMIC IMPACTPermanent U.S. Jobs Supported6
U.S. Construction Jobs Supported 3198
CLIMATE BENEFITCO2 Emissions Prevented Annually130,000 Metric Tons
NOTES

All information up-to-date as of June 2017.

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.

 

PROJECT PHOTOS

BAIF Granite Holdings & Freshet Wind Energy
BAIF Granite Holdings & Freshet Wind Energy
BAIF Granite Holdings & Freshet Wind Energy
BAIF Granite Holdings & Freshet Wind Energy
BAIF Granite Holdings & Freshet Wind Energy