Canadian outfit Fengate Asset Management and US company Longroad Energy Partners are teaming up to develop and finance the Weaver wind farm in the US state of Maine.
The 72.6MW project, which is located in Hancock county, is in the late stage of development and is expected to gain a notice to proceed in mid-2019, the duo said.
Commercial operations are scheduled for late 2020, they added.
Fengate director of infrastructure US Greg Calhoun said: “Fengate is very pleased to partner with LEP to further expand our renewable energy investments in the US.
“This investment will build and provide a new source of clean, reliable energy for Maine, in partnership with the most experienced and accomplished wind energy developer in the state.”
Longroad chief investment officer Charles Spiliotis said: “We are very happy to be working together with Fengate on this important project.
“As we looked to the market for financing partners, their experience and team were impressive and ready to take on all the challenges that developing wind in Maine can bring.”