In August 2011, the Department of Energy issued a $102 million loan guarantee to finance Record Hill, a 51-MW wind power generation project and an eight-mile transmission line near the town of Roxbury, Maine. The power generation project reached full commercial operations in January 2012.
Record Hill introduced an innovative, performance-enhancing technology to the United States that allows more power output during extreme wind conditions than conventional wind turbine technology. Reduced wear-and-tear on the turbines also helps reduce operating and maintenance costs, and preserves the lifetime of the turbine components.
Record Hill created 200 construction jobs and is expected to support eight permanent jobs.
Record Hill is expected to generate 96,000 megawatt-hours of clean energy each year. It is expected to prevent 56,000 metric tons of carbon dioxide emissions annually.
|Owners||Record Hill Wind & Yale University|
|FINANCIAL SUMMARY||Loan Program||Title XVII|
|Loan Amount 1||$102 Million|
|Issuance Date||August 2011|
|ENERGY SUMMARY||Operation Status||Operating|
|Generation Capacity||51 MW|
|Projected Annual Generation 2||96,000 MWh|
|ECONOMIC IMPACT||Permanent U.S. Jobs Supported||8|
|U.S. Construction Jobs Supported 3||200|
|CLIMATE BENEFIT||CO2 Emissions Prevented Annually||56,000 Metric Tons|
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.