US renewable developer Clearway Energy Group has secured USD 174 million in financing for the construction of the Dan’s Mountain wind farm in Allegany County, Maryland. The project is being funded by a consortium of three banks, Societe Generale, Natixis, and Australia and New Zealand Banking Group. Clearway also announced a long-term power purchase agreement with US utility Constellation Energy Corporation (NASDAQ:CEG), which procured the entire output from Dan’s Mt. The wind farm is expected to increase Maryland’s wind power generation capacity by around 30%. Once in operation, Dan’s Mount will have the capacity to power nearly 24,400 homes.
Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating
