Baywind chairman David Eastlick said: "This is such a relief. Our wind farm has a few years left in it but if it isn’t repowered it will spell the end of Baywind.
"After six years of going through planning we now finally have the reinsurance that our successful wind farm, which has been bringing benefits to the area for 17 years, will go on.
"This is excellent news for local investment, local jobs, the local community and an outright victory for community energy nationwide."
Infinergy senior project manager Matt Russell said: "Furness Wind Farm will bring many tangible benefits to the local area.
"Apart from affordable investment opportunities through Baywind membership, Infinergy and Baywind have committed to a Community Benefit Fund to fund local projects.
"Major local employer GlaxoSmithKline has expressed an interest in sourcing green electricity from the wind farm for its Ulverston site, which would offset the factory’s carbon footprint by 25% as well as improve its operating costs.
"And last but not least, the business rates will be retained by the local authorities which helps their annual budget in this time of austerity."
The Baywind and Infinergy will now secure finance for the project, which is slated for operations in 2016.
