[ exact phrase in "" • results by date ]

[ Google-powered • results by relevance ]


News Home

Subscribe to RSS feed

Add NWW headlines to your site (click here)

Sign up for daily updates

Keep Wind Watch online and independent!

Donate $10

Donate $5

Selected Documents

All Documents

Research Links


Press Releases


Publications & Products

Photos & Graphics


Allied Groups

Passadumkeag Wind sells for $127 million to Southern Power  

Credit:  By Darren Fishell, BDN Staff | Bangor Daily News | July 05, 2016 | bangordailynews.com ~~

PORTLAND, Maine – The Atlanta-based energy company Southern Co. has purchased the Passadumkeag Wind project in Great Falls Township for about $127 million.

The energy company’s wholesale power subsidiary Southern Power said construction is nearly complete for the 13-turbine project that overcame an initial permit denial from the Department of Environmental Protection and withstood an appeal to the state’s top court in late 2014.

“Construction activities began in 2015 and are expected to be completed shortly after this acquisition,” the company said in a news release Monday.

The publicly traded Southern Co. said in a June disclosure that it expected to pay $127 million for the 40-megawatt project, subject to some potential price adjustments.

Southern Power will buy the project from the Houston-based developer Quantum Utility Generation.

Regulators had denied a permit to the project that’s visible from nearby Saponac Pond because of the scenic impact on the mountain and lake views. It was the first wind project in Maine to be denied a permit.

Quantum appealed the decision to the Maine Board of Environmental Protection, which overturned the denial based on its own review of the case.

On appeal to the Maine Supreme Judicial Court, opponents argued the BEP went beyond its authority to add to the record in the case. The court found that the board was within its right to act as a fact finder and decision maker on review.

The project is Southern Power’s first purchase in New England. Most of the capacity from the project is already committed to serve Western Massachusetts Electric Co., through a 15-year contract.

The company said the acquisition fits its strategy of growing its wholesale electricity business by acquiring and building power generators mostly committed to customers through long-term contracts.

Passadumkeag Mountain is 1,463 feet tall and located southwest of Saponac Pond directly east of Greenbush, in Penobscot County. The turbine towers are about 275 feet tall.

Source:  By Darren Fishell, BDN Staff | Bangor Daily News | July 05, 2016 | bangordailynews.com

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

Wind Watch relies entirely
on User Funding
Donate $5 PayPal Donate


News Watch Home

Get the Facts Follow Wind Watch on Twitter

Wind Watch on Facebook


© National Wind Watch, Inc.
Use of copyrighted material adheres to Fair Use.
"Wind Watch" is a registered trademark.