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U.S. Floating Offshore Wind Pilot Project Put On Hold
Renewable Energy World: The decision comes in response to an amendment, LD 1472, approved in late June by the Maine state legislature, which re-opens bidding for the project to the University of Maine. In January the state’s Public Utilities Commission (PUC) approved the terms of a contract with Statoil for the project and directed the Central Maine Power Company to enter into a 20-year, $270/MWh power purchase agreement (PPA) for the electricity from the wind park. Final approval of the PPA was expected this summer.
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