Todd Gabe News

UMaine's Offshore Wind Pilot Project Gets Green Light

The Maine Public Utilities Commission has approved in a 2-1 vote a term sheet for Maine Aqua Ventus’ pilot offshore wind energy project. The decision clears a hurdle for Maine Aqua Ventus in its path to receive electric ratepayer support as it tests new offshore wind technology developed at the University of Maine. (Maine Aqua Ventus is a consortium made up of Emera, Cianbro and Maine Prime Technologies LLC, a spin-off company representing UMaine). The Term Sheet agreed outlines the conditions under which Maine Aqua Ventus I will sell an estimated 43…