By a vote of 2-1 on January 15, 2014, the Maine Public Utilities Commission approved the terms of an agreement between the State and Maine Aqua Ventus, a coalition led by the University of Maine to develop a 500 MW deepwater, floating wind power plant in the Gulf of Maine. The rate agreed upon was 23 cents per killowatt hour, which would raise the average Maine ratepayer's bill by less than $9 per year and have beneficial repercussions throughout Maine's economy.
The approval was a key hurdle in UMaine's quest to win a $50 million federal energy grant in May to further develop the project. Read the full story from the Associated Press.
Photo credit: VolturnUS floating wind turbine designed by the University of Maine Engineering Department and licensed to Maine Aqua Ventus; photo courtesy of University of Maine.