At the start of 2013, following the extension of the federal tax credits, First Wind announced that it planned to increase its operating portfolio of wind projects by 50 percent.
By adding nearly 600 MW in planned new wind projects to the company’s 1,000 MW operating portfolio, First Wind was able to surpass those projections. In addition, the company has added solar power to its portfolio, and will complete 17 MW of solar projects by the summer and has another 150 MW of solar energy projects in late stages of development.
First Wind qualified nearly 600 MW of new wind capacity under the wind energy Production Tax Credit (PTC) that was extended in January 2013.
First Wind secured long-term power purchase agreements (PPAs) for wind and solar projects, including four Maine wind projects and solar projects in Massachusetts. In total, First Wind secured over 20 separate PPAs with utilities for planned wind projects and solar projects.
In the fall of 2013, First Wind acquired the Route 66 Wind project near Amarillo, Texas. The planned 150 MW project, when built, 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.