Co-op Buys Assets Of Berkshire Wind Project

NAW Staff, Monday 16 June 2008 - 09:29:53

The Berkshire Wind Power Cooperative Corp., a municipal cooperative of 14 Massachusetts municipal utilities and the Massachusetts Municipal Wholesale Electric Co. (MMWEC), has acquired the assets associated with a proposed 15 MW wind power project on Brodie Mountain in Massachusetts.

Assets acquired by the cooperative include the easements, permits, agreements, engineering documents, developed property and other items that enable the cooperative to build and operate the proposed Berkshire Wind Project in Hancock and Lanesborough, Mass. An access road and some excavation work have been completed at the project site, the company says.

"This transaction represents a major commitment on the part of municipal utilities to develop a clean and renewable energy resource that has multiple benefits for the utilities and the Commonwealth as a whole," says H. Bradford White, president of the co-op and manager of the West Boylston Municipal Light Department. "With these assets in hand, the co-op will proceed as expeditiously as possible with the work required to bring the project into operation."

The co-op says it paid $4 million for the project assets, formerly owned by Berkshire Wind Power LLC, which initiated project development approximately 10 years ago. The balance of loan proceeds will be used for a deposit on wind turbines and to finance other development activities.

SOURCE: Berkshire Wind Power Cooperative Corp.




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