Increased output adds additional value to surrounding towns for 3rd year
For immediate release:
Lowell, Vt. – Green Mountain Power is excited to announce year-end operational results for Kingdom Community Wind (KCW) in Lowell. In 2015, the 21-turbine project generated enough electricity to power 26,700 homes for a year. That’s an increase of 7% over the previous year or enough energy to power an additional 1,800 homes.
Thanks to the strong power generation at Kingdom Community Wind, five Northeast Kingdom towns will receive more than $201,000 this month from the Good Neighbor Fund payments, up $75,000 from last year. The Good Neighbor Fund is part of GMP’s commitment to give additional value to surrounding communities by sharing with them the benefits of KCW. Payments are made annually and can be used to lower property taxes or support local initiatives as designated by the town. This collaborative and community-based partnership aligns project priorities to generate power and keep the project running smoothly for the benefit of Good Neighbor Fund towns and all GMP customers.
Green Mountain Power recognizes the importance of working with local communities to build energy projects and an important part of that work is providing ongoing value from the project,” said GMP spokesperson Dorothy Schnure. “We are so pleased to make these Good Neighbor Fund payments this year and every year because we believe so strongly in our community partners.”
As part of the Good Neighbor Fund, payments will be made to the following towns: Eden will receive $77,420, Albany $69,885, Craftsbury $33,851, and Westfield and Irasburg each will receive $10,000. The Good Neighbor Fund provides benefits to the five towns within five miles of the project not including the host town, Lowell, which receives significant tax revenue from the project. The payments are determined based on generation.
We are pleased GMP continues to deliver on its promise to towns to offer us some revenue as a result of this project in our region,” said Candace Vear, town clerk and treasurer in Eden. “These funds go a long way towards helping our town reduce the overall tax burden on our residents and that’s a good thing. To date these funds have helped us fund special projects that otherwise would have increased the tax burden. We’re glad to see the project operating so smoothly and efficiently.”
Communities determine how best to use the Good Neighbor Fund payments. Investments in infrastructure, facilities, and other community initiatives have benefited from the funds. Craftsbury residents voted overwhelmingly to use its Good Neighbor payment from the Kingdom Community Wind Project to invest in a 10-kilowatt solar system to help cover municipal electric needs.
KCW is a key part of Green Mountain Power’s continued commitment to deliver reliable, low-cost energy to Vermonters,” said Schnure. “In the last four years alone, GMP has delivered three bill decreases to customers, and is laser focused on continuing to keep costs low.”
The communities will continue to get Good Neighbor payments for the first ten years the plant operates. Kingdom Community Wind began generating power in November 2012. The power is not designated renewable for GMP customers, as the renewable energy credits or attributes are sold to generate additional value for customers through lower costs.
Contact: Dorothy Schnure, Green Mountain Power, 802-655-8418
About Green Mountain Power:
Green Mountain Power (GMP) serves approximately 265,000 residential and business customers in Vermont and has a vision to be the best small company in America by partnering with Vermonters to improve lives and transform communities. GMP is focused on a new way of doing business to meet the needs of customers with integrated energy services that help people use less energy and save money, while continuing to generate clean, cost-effective and reliable power in Vermont. GMP is the first utility in the world to get a B Corp certification, meeting rigorous social, environmental, accountability and transparency standards and committing to use business as a force for good. In 2014, Vote Solar named GMP a Solar Champion. More information at: www.greenmountainpower.com. Connect with GMP on Facebook and follow us on Twitter @GreenMtnPower.