Pinnacle was jointly developed by US Wind Force and EME, which has acquired and now will build the project. The project represents a total investment of approximately $130 million and will become one of Mineral County's largest taxpayers with property tax payments of approximately $10.7 million over the next 25 years. The project has also established a Community Benefit Fund that will provide locally-controlled financial resources for worthy community projects.
All of the electricity produced by Pinnacle will be sold under 20-year agreements with the University of Maryland System and the Maryland Department of General Services. NewPage Corp., Miamisburg, Ohio, the largest coated paper manufacturer in North America based on production capacity, partnered with US Wind Force on this project. Six of the turbines will be located on NewPage property near the company's Luke, Md., facility.
"NewPage is proud to partner strategically with US Wind Force. This partnership is an example of our commitment to support the growth of sustainable energy and is consistent with our goal to continuously explore renewable energy opportunities for our facilities," said David Bonistall, VP, Environmental, Health and Safety, for NewPage.
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