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Maine counties chafe at lower-than-expected payments from wind farms Source: By Bill Trotter, Bangor Daily News • Posted: Sunday, April 11, 2021
Turbines in the Bull Hill Wind project in Township 16 in Hancock County rotate in the breeze in this May 2018 file photo. TerraForm, which owns and operates the project, is one of multiple wind farm operators in Maine to request tax abatements in recent years, which has reduced the amount of revenue counties have received as part of tax increment-financing agreements. Credit: Bill Trotter / BDN
For nearly two decades, commercial wind farms have been touted in Maine as a way to generate electricity without pollution, and as a way rural locales in Maine can generate revenue for themselves by hosting turbines worth hundreds of millions of dollars.
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Daystar Power, a leading provider of hybrid solar power solutions to businesses in West Africa, today announced a Series B investment of $38 million. The round was led by the Investment Fund for Developing Countries (IFU), the Danish development finance institution (DFI).
IFU is joined by new investors STOA, a French impact infrastructure fund, Proparco, the French DFI, backed by a guarantee from the European Union under the African Renewable Energy Scale-Up facility (ARE Scale-Up) and Morgan Stanley Investment Management. Taking into account the previous round by Verod Capital and Persistent Energy, Daystar Power has received equity investments totaling $48 million.