Clean & Green Power acquires land to erect $7.7 million wind turbine project
Clean & Green Power, LLC, through its affiliate, Longshore Partners, LLC, has completed its assemblage of coastal area property on which it plans to erect a system of wind turbines.
The Huntley Wind Co-op. is currently in the design phase for a 3.0 megawatt power generating facility. The project development costs have been estimated at $7.7 million. The state of Conn. development funds have been applied for by Clean & Green Power and the project has been presented to and accepted for consideration by the state.
Though its financier, which is packaging several similar small wind turbine projects around the country into a single portfolio, the Huntley Wind Co-op. will be substantially funded through the use of federal tax credits for alternative energy which are part of the Obama administration's Federal Stimulus Package recently approved by the U.S. House of Representatives.
With the January 30th acquisition of the former transfer station property on Halls Rd. from Conn. Light & Power Co., Clean & Green Power now controls over 27 acres of land with more than 750 feet of road frontage. The unobstructed wind corridor from Long Island Sound to the salt marsh portion of the site, coupled with the elevation of the upland portion of the property, have resulted in recorded wind speeds adequate for such a project, a situation that does not exist in many areas of the state.Â
Principals of Clean & Green Power have met informally with local and state officials and have made a formal presentation to the state.
The power that will be generated by the Huntley Wind Co-op will be transferred through a direct connection to the electrical power grid, and the generated power is to be purchased by the electric company at wholesale rates.
The amount of power anticipated from the two 1.5 megawatt turbines at the Huntley Wind Co-op is 9 million megawatt hours per year, which is enough electricity to power over 700 homes.
Principals of Clean & Green Power include David Anderson, former legislator from the state who co-authored the Clean Energy Bill in 1986; real estate broker Timothy Londregan, and renewable energy expert, Hans Hartman.
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.