01 Mar 2010
HBS professor George P. Baker, a finance expert, has in recent years become an alternative-energy change agent as well, spearheading community wind projects in Maine. Now on leave from HBS, Baker is the CEO of Fox Islands Wind LLC, which last November unveiled three 1.5- megawatt wind turbines on the island of Vinalhaven, Maine. The $15 million project is the largest community-owned wind facility on the East Coast. Standing nearly 400 feet tall, the structures will fill the electricity needs of the several thousand year-round and summer residents of Vinalhaven and neighboring North Island.
At the dedication ceremony, it was noted that Baker’s leadership was instrumental to the project’s success. In his own remarks, Baker observed, “It’s exciting to see the turbines providing benefits to these islands after years of contribution by many people. These island communities are truly leaders in the field of coastal renewable energy.”