05 Jul '13, 9am

U.S. Floating Offshore Wind Pilot Project Put On Hold

LONDON -- Norwegian energy company Statoil has announced that it will put its 12 MW, US $120 million Hywind Maine floating offshore wind project, planned for construction off the coast of Maine in the U.S., on indefinite hold. The decision comes in response to an amendment, LD 1472, approved in late June by the Maine state legislature, which re-opens bidding for the project to the University of Maine. In January the state’s Public Utilities Commission (PUC) approved the terms of a contract with Statoil for the project and directed the Central Maine Power Company to enter into a 20-year, $270/MWh power purchase agreement (PPA) for the electricity from the wind park. Final approval of the PPA was expected this summer. In a letter to the PUC, Statoil vice president Lars Johannes Nordli said that, based on the contract, his company had “actively pursued” development of the pro...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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