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Maine clears 12MW offshore demo Print E-mail
The 12MW Maine Aqua Ventus offshore wind project cleared a critical hurdle today when state regulators approved a term sheet for a long-term energy contract.

The Maine Public Utilities Commission voted 2-to-1 to accept the proponentís bid to produce an estimated 43,000MWh/year at a price of 23 cents/kWh. The price shall increase 2.25% annually for 20 years.

The panel agreed that the project meets the criteria set out under the Ocean Energy Act designed to kick-start offshore wind development. The proponents demonstrate technical and financial capacity, as well as local economic benefits, ruled the commission.

Courtesy of Renews . Read more here.
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