A controversial, Roxbury, Maine-based wind farm project that Yale has holdings in moved one step closer to completion last Monday.
The Department of Energy last week finalized a $102 million loan guarantee to Record Hill Wind, an alternative energy project to construct wind turbines that has drawn opposition from a group of Roxbury locals who have condemned the project for harming the region’s ecology. The University has also come under fire from the environmental activists, as Yale, notorious for keeping its endowment holdings private, publicly disclosed its investment in Record Hill Wind in early March, when the Department of Energy announced conditional commitment to the $102 million loan guarantee.
Yale’s financial backing and the government loan will help fund a 50.6 megawatt wind power enterprise consisting of 22 turbines. Once completed, the project is estimated to produce nearly enough energy cover the electricity consumption of households in Oxford County – a 2,078-square mile portion of southwest Maine that includes Roxbury.
The project is run by developers Independence Wind of Maine and Wagner Wind Energy of New Hampshire, and expected to create 200 construction jobs.
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