Independent Power and Renewable Electricity Producers
Company Overview of First Wind Holdings, Inc.
First Wind Holdings, Inc., a renewable energy company, focuses on the development, financing, construction, ownership, and operation of utility-scale power projects in the United States. It holds wind energy projects in Maine, New York, Vermont, Utah, Washington, and Hawaii. First Wind Holdings, Inc. was formerly known as UPC Wind Partners, LLC. The company was incorporated in 2002 and is based in Boston, Massachusetts.
179 Lincoln Street
Boston, MA 02111
Founded in 2002
Key Executives for First Wind Holdings, Inc.
Chief Executive Officer and Director
President and Chief Financial Officer
Senior Vice President of Operations
Chief Development Officer and Executive Vice President
Senior Vice President of External Affairs
Compensation as of Fiscal Year 2013.
First Wind Holdings, Inc. Key Developments
First Wind Receives $206 Million Financing for Route 66 Wind Project
Feb 17 14
First Wind announced that it has obtained $206 million in financing for its Route 66 Wind project in Armstrong and Carson Counties, Texas. With financing closed for its first renewable energy project in Texas, First Wind will continue engineering and construction activities on the project.
The Route 66 Wind project is expected to deliver power to the ERCOT (Electric Reliability Council of Texas) power markets through the new CREZ (Competitive Renewable Energy Zone) transmission system, and will generate clean, renewable energy through a capacity of 150 megawatts (MW).
First Wind and the Massachusetts Municipal Wholesale Electric Company Sign Contract for Hancock Wind Project Energy
Dec 16 13
First Wind and the Massachusetts Municipal Wholesale Electric Company announced an agreement that will bring clean energy from First Wind's planned Hancock Wind project near Ellsworth, Maine to 17 Massachusetts municipal utilities. Under a 25-year, fixed-price contract, First Wind will sell nearly 75% of the power and capacity generated at the 51 megawatt (MW) wind farm to MMWEC. Consistent with its nonprofit, Joint Action Agency model, MMWEC will resell the power and capacity at cost to 17 of its member municipal utilities, which are based in the communities of Boylston, Chicopee, Groton, Holden, Holyoke, Ipswich, Mansfield, Marblehead, Paxton, Peabody, Russell, Shrewsbury, Sterling, Templeton, Wakefield, West Boylston and Westfield. Burlington Electric Department in Vermont is purchasing the remaining energy from the Hancock Wind project. MMWEC's commitment to renewable energy includes the financing and development of numerous wind and solar resources in conjunction with its member utilities. Such resources include the 15-megawatt (MW) Berkshire Wind Power Project in western Massachusetts and several smaller municipal wind and solar projects. When built, the Hancock Wind project will feature 17 turbines with a capacity of 3 MW each and be situated near the operating 34 MW Bull Hill Wind project in Hancock County, ME, which began operations in November 2012. The energy from the Hancock Wind project is being sold to MMWEC at a cost-competitive price that will help to stabilize the utilities' rates over the 25 years of the contract.
Burlington Electric Department and First Wind Reach Agreement to Sell Power Generated by Hancock Wind Project
Dec 6 13
First Wind announced that the company has reached an agreement with Burlington Electric Department (BED) to sell the utility power generated from the planned Hancock Wind project near Ellsworth, Maine. First Wind will sell 25% of the power and renewable energy certificates (RECs) generated at the 54 megawatt (MW) wind farm for the next 10 years under a fixed-price agreement to the Vermont utility.
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