First Wind marks five years of commercial operations at Cohocton Wind
Thursday, Jan 30, 2014
First Wind, an independent U.S.-based renewable energy company, today recognized the fifth anniversary of successful commercial operations at its 125 megawatt (MW) Cohocton Wind project in Steuben County, New York. Construction of the 50 turbine project began in the fall of 2007, and Cohocton Wind began commercial operations in January of 2009. The project produces enough clean, cost-competitive energy to power over 35,000 homes each year.
“As our largest operating wind project in the Northeast, and our second project to achieve commercial operations in New York, Cohocton Wind has been an integral part of our generation portfolio and we are very proud to recognize this milestone today”
“As our largest operating wind project in the Northeast, and our second project to achieve commercial operations in New York, Cohocton Wind has been an integral part of our generation portfolio and we are very proud to recognize this milestone today,” said Paul Gaynor, CEO of First Wind. “In the five years since the project went online, as well as in the development and construction periods, we are thrilled to see how this project has not only delivered renewable, cost-competitive energy to ratepayers, but has also served as a significant source to further local economic development for the Town of Cohocton and surrounding Steuben County communities while supporting New York’s ambitious clean energy goals.”
Since 2009, the Cohocton Wind project has provided significant local revenue and benefits by generating more than 200 jobs during construction, providing for 10 permanent operational positions, and helping to stimulate the local business economy. Cohocton Wind also provides substantial tax revenue for the Town of Cohocton, generating a total of at least $14 million in tax payments over a period of 20 years, with almost $4 million paid in the first five years. It also serves as a source of tax revenue for local schools, Town of Cohocton Special Districts, and Steuben County government, thereby reducing pressure on property taxes while helping to improve schools and strengthen local services.
To date, the town of Cohocton has been able to reduce property taxes by 60 percent, purchase all new highway equipment, pay off all debts, improve the local community park, start a new paid ambulance service, rebuild aging infrastructure, and generally improve services. Below is a summary of some of the notable milestones achieved during the five years of successful commercial operations of the Cohocton Wind project.
Source: First Wind