Maine clears 12MW offshore demo

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 proponent’s 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.

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