Sponsered by BAIF Granite Holdings and Freshet Wind Energy, the wind generation project will be located in Coos County.
Vestas has agreed to provide 33 units of V90 3MW wind turbine for the wind energy project.
It expected that the enough energy will be produced by the wind farm to power nearly 20,000 homes and avoid over 124,000 metric tons of carbon dioxide annually.
Central Vermont Public Service and Green Mountain Power have agreed to purchase the majority of the power generated from the wind project.
DOE secretary Steven Chu said the loan guarantee will help the deployment of clean energy technologies in the US.
WestLB is the lender-applicant for the project, which was submitted under the Financial Institution Partnership Program.
