Greenbacker Renewable Energy announced that, through a wholly-owned subsidiary, it purchased the rights to a 15.3-MW to-be-constructed wind project, developed by Palmer Management Corporation and other parties.
Located in Roxbury, Maine, the RoxWind project is contracted to sell electricity through long-term offtake agreements with four local municipal utilities. The project is expected to reach COD in Q3 2021.
“We are thrilled to continue expanding the scale and geographic diversity of our wind fleet as we acquire our first Maine-based wind facility,” said Charles Wheeler, CEO of Greenbacker. “It has been a pleasure working with the Palmer team on this deal and we look forward to continuing to work with them and the Town of Roxbury through the construction and start-up phases of the project.”
With the addition of RoxWind, Greenbacker will own approximately 543.1 MW of generating capacity (including assets that are to be constructed), comprising 192.5 MW of wind facilities, 338.6 MW of utility-scale and distributed solar facilities and 12 MW of biomass facilities.
“This has been a cooperative effort with our Maine and Massachusetts partners, Horseshoe Valley Wind and Solaya Energy, as well as the Town of Roxbury which has been supportive of our efforts to bring a small wind farm on line in Roxbury,” said Gordon Deane, president of Palmer. “We expect this transaction to be the first of many with Greenbacker as they expand their portfolio of renewable energy projects.”
News item from Greenbacker Renewable Energy