Renewable energy company First Wind announced that the Idaho Public Utilities Commission has approved sale agreements with five proposed First Wind PV projects and the Idaho Power Company.
As part of the deal, the sale agreements for the projects — which will have a total generation capacity of 100MW — will last for 20 years. The projects will be spread across southern Idaho and will produce power for Ada, Elmore, Owyhee and Power counties.
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The projects, which are expected to be completed by the end of 2016, will produce approximately 250,000MWh per year once operational. Almost US$10 million in direct property taxes will be compiled by the projects over 20 years.
Paul Gaynor, CEO of First Wind, said: “We’re excited to announce these agreements for new solar energy in Idaho. These five projects will deliver clean, renewable solar energy to homes and businesses in Idaho at a cost-competitive price. The new long-term contracts with Idaho Power Company will enable us to move forward quickly and create a source of major economic activity for Idaho through good construction jobs and significant local tax revenues.”
