Maine Aqua Ventus GP LLC released yesterday the public version of its proposal to develop a groundbreaking offshore wind project in the Gulf of Maine, called Maine Aqua Ventus I.
This follows the last-month’s ruling by the Maine Public Utilities Commission (PUC), according to which Maine Aqua Ventus should release some of the details on its offshore wind project proposal by the end of October.
Even though Maine Aqua Ventus argued that this would harm its chances for a $46 million energy grant, the ruling was not changed.
This project is competing against other projects located in New Jersey, Virginia, Texas, Ohio and Oregon.
“The PUC power-purchase agreement is the next step in securing the DOE grant, which is critical for the success of this important project for our state,” said Jake Ward, speaking for Maine Aqua Ventus I.
Maine Aqua Ventus worked with the PUC staff to determine what has to be released and what can remain confidential. This public version does not contain technically-sensitive information or information reserved for the forthcoming Term Sheet, in compliance with PUC precedent. The Term Sheet will be released in the next few weeks after Maine Aqua Ventus I GP LLC and the PUC agree on terms, which are still in the final stages of negotiation.
The published document describes:
Offshore WIND staff, November 7, 2013; Image: maineaquaventus