Fox Island Wind Financing
Siting, financing and building a community wind project
CLIENT | Fox Islands Electric Cooperative
Fox Islands Wind (FIW) is the operating company that financed and built three 1,5 megawatt wind turbines that supplies all the electricity used by 2000 ratepayers for the communities of Vinalhaven and North Haven.
We serve on the board of directors that managed the wind company’s local, state and federal permitting process, secured its financing through the Rural Utilities Service (RUS) and a tax equity investor and the sale of its Renewable Energy Credits (RECs).
Renewable energy project siting and management presents opportunities for communities to secure long term stable electricity prices at cost effective rates.