OAKFIELD — A Maine town has received the first of payments that will amount to millions of dollars from an agreement with a renewable energy company.
First Wind said Tuesday that it has paid the town of Oakfield in Aroostook County $600,000 as part of an agreement to build its wind power project there. The payment is the first of many that will be used to provide tax relief to area residents.
Over the next 20 years, the project will generate $12 million in such payments and an additional $20 million in property taxes.
The 148 megawatt wind project is anticipated to produce enough energy for about 50,000 homes. Construction began in 2013 after the project received state approval in 2012. It is scheduled to be complete in 2015.
Send questions/comments to the editors.
-
CollegeSaturday’s Maine college roundup: Colby women’s lacrosse advances to NCAA quarterfinals
-
Sports
Mavs need to get defensive to back into Western Conference finals
-
Nation & World
Poland needs EU to release assistance funds, ambassador says
-
Nation & World
Australia’s center-left party defeats conservatives
-
Arts & Entertainment
Ozzy Osbourne’s daughter escapes fatal Hollywood studio fire
Success. Please wait for the page to reload. If the page does not reload within 5 seconds, please refresh the page.
Enter your email and password to access comments.
Hi, to comment on stories you must . This profile is in addition to your subscription and website login.
Already have one? .
Invalid username/password.
Please check your email to confirm and complete your registration.
Only subscribers are eligible to post comments. Please subscribe or login to participate in the conversation. Here’s why.
Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.