S T E T S O N
First Wind Overview
Founded in 2002
Operating in 6 states
4 regional offices
200 employees
16 projects
980 MW capacity
$2.2 billion in assets
First Wind in Maine
TEAM: First Wind’s executives are
trusted industry leaders. Our business
platform comprises an end-to-end
solution to develop, finance, construct,
and operate complex renewable energy
facilities.
EXPERIENCE: First Wind has built
projects in challenging environments and
economic cycles. We have long-standing
relationships with banks, utilities, and
technology providers to bring projects
from concept to commissioning.
CAPITAL: First Wind is backed by
Madison Dearborn and DE Shaw, private
equity firms which collectively manage
$40 billion in energy infrastructure.
W E LCOM E T O ST E T SON W IND
PROPELLING THE ECONOMY WITH WIND POWER
The 83 megawatt (MW) Stetson Wind farm was completed in
two phases, and remains one of the largest operational utilityscale wind farms in New England. Located in Maine’s
Washington County, the combined facility can provide power
for about 30,000 New England homes in a normal operating
year, while avoiding 93,000 tons of CO2 emissions that would
result from conventional regional generation sources.
STETSON WIND IS:
Comprised of 55 GE 1.5 megawatt (MW) turbines situated
on Stetson, Jimmy, and Owl Mountains
Built along existing roads on land that was already partially
cleared, enabling new economic potential while
maintaining the area’s natural open spaces
Producing natural wind energy under the leadership of
First Wind, a wind power leader committed to the
communities in which its projects are located
Providing tax revenue to Washington County over a multiyear period
GOOD FOR THE ENVIRONMENT,
THE ECONOMY, AND THE COUNTRY
In addition to providing clean, safe, power for New England, great
care is taken to integrate the Stetson Wind Facility into
Washington County’s rolling hills with minimal impacts. First
Wind’s environmental team works through rigorous permitting
requirements with state agencies and Federal organizations. At
Stetson Wind and First Wind’s other Maine projects, we maximize
use of Maine’s working forests and previously existing logging
roads. Finally, First Wind environmental biologists provide
ongoing wildlife and habitat monitoring in consultation with
government agencies and NGOs.
ECONOMIC BENEFITS
Annual tax payments provide funds that can be used to
improve schools, maintain roads, and enhance other public
services.
More than 350 people were employed, and over $50 million
was spent with in-state businesses on local goods and
services such as gravel, trucking, lodging and food.
Wind power has no fuel costs, so its price is more predictable
than conventional fossil fuels, which helps stabilize energy
rates
ENVIRONMENTAL BENEFITS
Wind Energy has zero air or water emissions.
The energy produced by Stetson Wind is the equivalent of
burning approximately 331,000 barrels of oil or over 89,000
short tons of coal per year, yet has none of the associated
toxicity, health, or cost issues.
The reduction of fossil fuels burned is eliminating the emission
of approximately 76,000 tons of CO2 (a greenhouse gas)
annually into our atmosphere.
OTHER FIRST WIND PROJECTS IN MAINE
ABOUT FIRST WIND
First Wind is an independent renewable
energy company exclusively focused on
the development, financing, construction,
ownership and operation of utility-scale
renewable energy projects in the U.S.
Based in Boston, First Wind has wind
projects in the Northeast, the West and
Hawaii, with combined capacity of 980
megawatts (MW) – enough to power
approximately 300,000 homes each year.
For more information on First Wind, please
visit www.firstwind.com or follow us on
Twitter @FirstWind.
179 Lincoln St. Suite 500
Boston, MA 02111
www.firstwind.com
Rev-05.14.13 © 2013 First Wind Holdings.