Maine’s tumultuous relationship with wind power had a setback recently. The Maine Public Utilities Commission unanimously agreed early this month to reconsider terms of the offshore wind project developed by the University of Maine. The PUC had approved an agreement in 2014 under which Maine Aqua Ventus, as the wind power system is known, would […]
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Maine's tumultuous relationship with wind power had a setback recently.
The Maine Public Utilities Commission unanimously agreed early this month to reconsider terms of the offshore wind project developed by the University of Maine. The PUC had approved an agreement in 2014 under which Maine Aqua Ventus, as the wind power system is known, would sell power to Central Maine Power Co.
Before making its decision, PUC Chairman Mark Vannoy explained why the commission decided to reopen the 2014 term sheet, which the Maine Aqua Ventus consortium had argued was the equivalent of a contract — a point that Vannoy rebutted in his detailed and lengthy analysis.
“The commission understands the importance of this project to Maine Aqua Ventus and its stakeholders,” Vannoy said in a statement issued after the vote. “On the other hand, it is incumbent on the commission to ensure that the proposal continues to meet the legal requirements established by the Maine Legislature in 2010 and remains in the public interest of Maine citizens and businesses.”
Even after the four-year delay since the original agreement, the University of Maine reaffirmed its support for its Maine Aqua Ventus project, saying it “is extremely committed to this project, and we are confident that we can answer the PUC's questions to establish a power purchase agreement that allows the project to move forward as soon as possible.”
The stakes are high for Maine, given the accelerating pace of offshore wind development on the East Coast and throughout the world. The Berkeley, Calif.-based American Jobs Report concluded that the Aqua Ventus project and UMaine's patented floating hull technology offered “significant economic opportunity for job growth” that could support an annual average of more than 2,100 jobs through 2,100.
Since the term sheet was initially approved in February 2014, significant changes in energy markets and technology, as well as changes to some of the specific provisions of the Maine Aqua Ventus project and proposal, had occurred, Vannoy said.
Before finally approving a 20-year contract with Maine Aqua Ventus — which the PUC estimated would cost CMP's ratepayers more than $200 million over that period — Vannoy asserted that the PUC was obligated to review the terms of power purchase agreement in the context of these changed circumstances.
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