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Correcting and Replacing Iberdrola Renewables completes three new wind farms

Wednesday, Jan 23, 2013

Fourth graph, second sentence should read: 50 MW/year (sted 50/MW year).

“Each project represents the culmination of years of hard work, and we could not do it without the vision and support of our shareholders, customers and employees.”

The corrected release reads:

IBERDROLA RENEWABLES COMPLETES THREE NEW WIND FARMS

Adds 265 Megawatts in Massachusetts, New Hampshire and California

Iberdrola Renewables added three new wind farms to its U.S. fleet at the end of 2012, adding to a portfolio of clean energy projects that now spans 19 states. The farms, which all reached commercial operation in December, represent a total investment of approximately $700 million, and have most of the power subscribed under long-term contracts.

“These projects have begun delivering the environmental benefits of clean, renewable energy, but they also create significant economic impacts resulting from hiring numerous local workers and companies, and making long-term tax and lease payments to the local communities,” said Martín Mugíca, president and CEO of Iberdrola Renewables, LLC. “Each project represents the culmination of years of hard work, and we could not do it without the vision and support of our shareholders, customers and employees.”

The Manzana Wind Power Project [photos, fact sheet] in Kern County, Calif., in the wind-rich Tehachapi area near the town of Rosamond, includes 126 GE 1.5-MW wind turbines. This project will support the local economy with property tax payments estimated to be more than $50 million and lease payments expected to more than $30 million over the life of the project. The property taxes will support schools, public health, fire, library and other necessary services in Kern County. During construction, the project created 216 construction jobs at its peak and resulted in $10.3 million spent locally.

The total project provides 189 MW of clean energy, representing an offset in carbon emissions comparable to removing more than 21,500 cars off of California’s roads each year. The majority of the project output is under long-term contract with two repeat customers, San Diego Gas & Electric (SDG&E), which is buying 100 MW/year for 20 years, and the City of Santa Clara’s Silicon Valley Power (SVP), which is buying 50 MW/year for 20 years.

Rising on Crum Hill in Monroe, Mass., and on Bakke Mountain in Florida, Mass., the Hoosac Wind Power Project [video, photos, fact sheet] is now the Commonwealth’s largest wind farm. During construction it employed a peak of 140 workers, with $3.9 million spent locally during building. Over the life of the project, Hoosac will generate approximately $6.8 million in tax revenue for the towns, and lease payments to local landowners will total another $3 million.

In total, Hoosac’s 19 GE 1.5-MW turbines generate 28.5 megawatts (MW) of clean, renewable energy. Altogether, the total project powers over 10,000 homes annually. All of the energy is under contract with NSTAR Electric, a subsidiary of Northeast Utilities.

Source: Business Wire

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