Bloomberg News

First Wind to Build Massachusetts Projects Entering Solar Market

September 30, 2013

First Wind Holdings Inc. began construction on 17 megawatts of solar plants in central Massachusetts, the Boston-based wind-farm developer’s first photovoltaic projects.

The plants comprise a 3-megawatt facility in the town of Millbury and three sites with a total of 14 megawatts of capacity in Warren, First Wind said today in a statement. Borrego Solar Systems Inc. is building the projects and they’re expected to begin producing power by June.

The company will sell the majority of the output under a long-term contract to the University of Massachusetts. The towns of Millbury and Orange have also to buy a smaller portion, according to the statement. KeyCorp (KEY:US) provided construction and term facility loans and US Bancorp the tax equity.

To contact the reporter on this story: Ehren Goossens in New York at egoossens1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net


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Companies Mentioned

  • KEY
    (KeyCorp)
    • $13.56 USD
    • 0.05
    • 0.37%
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