in News Departments > FYI
print the content item

Boston-based developer First Wind says it achieved record growth in 2013 by securing commitments for some 750 MW in new renewable energy projects, including about 600 MW of wind power.

At the start of 2013, following the extension of the federal tax credits, First Wind announced that it planned to increase its operating portfolio of wind projects by 50%. By adding nearly 600 MW in planned new wind projects to the company's 1 GW operating portfolio, First Wind says it was able to surpass those projections.

In addition, the company has added solar power to its portfolio and will complete 17 MW of solar projects by the summer and has another 150 MW of solar projects in late stages of development.

“The expansion of our portfolio by about 75 percent has and will continue to translate into real jobs, regional investment and most importantly, competitively priced new sources of clean energy for consumers,” says Paul Gaynor, CEO of First Wind.

“Last year was a success, in large part because of strong state and federal renewable energy policies,” he adds. “As we move into 2014, I hope that there will be continued leadership on a state level and that a predictable federal renewable energy policy is implemented as soon as possible.”



Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

Are Fitch Ratings' Claims About Wind Farm Underperformance Unfounded?

A recent report from Fitch Ratings suggests that wind farms underperform due to an overestimation of wind resources, but AWS Truepower says the analysis misses the mark.


SunEdison Buying First Wind In $2.4 Billion Deal

Global solar company SunEdison and its yeildco have announced an agreement to buy the Boston-based developer, a major player in the U.S. wind industry.


U.S., China Reach Ambitious Climate Change Accord

The agreement between the global superpowers leans heavily on the deployment of renewable energy, such as wind and solar.


What The Midterm Elections Mean For The U.S. Wind Industry

Both chambers of Congress are now under Republican control for the first time since 2006. How will wind energy fare?


GE Blade Crashes At Mehoopany Wind Farm In Pennsylvania

The turbine manufacturer says the Nov. 2 incident is "isolated and unrelated" when compared to earlier blade issues.

Hybrid Energy Innovations 2015
BG 2015DblBox_id2032
Renewable NRG_id1934