Earlier this month, the consortium behind the first phase floating project submitted a draft agreement that seeks PUC approval for the annual sale of up to 43,099MWh of electricity to the state grid at a price of 23 cents per kWh, plus a 2.25% yearly inflation adjustment. About 6,000 homes would obtain electricity from the project.

Maine Aqua Ventus GP, LLC, consists of three general partners: Maine Prime Technologies, a spin-off company representing the University of Maine; Emera, an energy and services firm with headquarters in Halifax, Nova Scotia; and Cianbro, a Maine-based construction services provider.

The