As part of the deal, the company will sell 25% of the power and renewable energy certificates (RECs) generated at the 54 megawatt (MW) wind farm to the Vermont utility for the next 10 years under a fixed-price agreement.
The Hancock Wind project, which will be located near the operating 34 MW Bull Hill Wind project in Hancock County, will feature 18 turbines with a capacity of 3 MW each, when built.
First Wind CEO Paul Gaynor said the company is happy to help BED meet its renewable energy goals.
"This project will help provide clean, renewable energy to Burlington ratepayers at a highly competitive cost, and the Hancock Wind project will deliver significant economic benefits throughout Down East Maine," Gaynor added.
