Update: Maine oks offshore project

VolturnUS 1:8 pilot

VolturnUS 1:8 pilot

The proposed 12MW pilot Maine Aqua Ventus I offshore wind project won key support from state regulators on Tuesday who voted that consumers should subsidize its development.

The Maine Public Utilities Commission (PUC) voted 2-1 to approve terms whereby developer Maine Aqua Ventus GP, LLC, will sell up to 43,099MWh of power a year from the two-turbine floating project at a price of 23 cents per kWh, plus a 2.25% annual inflation adjustment. That is enough electricity for about 6,000 homes.

PUC Chairman Thomas Welch and Commissioner David Littell conditioned their “yes” votes on the developer winning a $46.6m grant to be awarded in May by the US Department of Energy, or “finding some other ways” of securing equivalent Log in to read complete article.

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