Washington, D.C., June 22, 2011 — Energy Secretary Steven Chu today announced the offer of a loan guarantee to Granite Reliable Power, LLC. The DOE will provide up to $135.76 million in loan guarantees for a new wind generation project.
The 99 MW project will be located in the central portion of Coos County in northern New Hampshire, about 110 miles north of Concord. According to project sponsors, the project will create nearly 200 construction jobs.
The project will generate enough electricity to power nearly 20,000 homes and avoid over 124,000 metric tons of carbon dioxide annually. The majority of the power from the project will be sold to Central Vermont Public Service and Green Mountain Power. WestLB AG is the lender-applicant for the project, which was submitted under the Financial Institution Partnership Program.