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Maine Public Utilities Commission Approves Wind Power Contract

Power News - Published on Wed, 17 Jul 2019

Image Source: Bangor Daily News
The Maine Public Utilities Commission has unanimously approved a long-term contract for a 72.6 MW wind power project in Hancock County Maine. The project is being developed by Weaver Wind, LLC, a subsidiary of Longroad Development Partners, LLC and is expected to be operational no later than December 2020. Commission Chairman Philip Bartlett said that "This 20-year contract should create real ratepayer benefits for Maine.” The contract price of 3.5 cents/kWh, increasing at 2.5% per year, is very competitive and provides a valuable renewable resource for Maine. The Commission directed Emera Maine to purchase the power from Weaver Wind in accordance with the contract.

This is the second contract for renewable energy approved by the Commission this year. In February 2019, the Commission approved a contract with the 100 MW Three Rivers Solar project, with pricing terms similar to Weaver Wind's. Both contracts resulted from the Commissions latest RFP soliciting bids for capacity resources, available energy, and renewable energy credits.

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Posted By : Ratan Singh on Wed, 17 Jul 2019
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