Tuesday, January 3, 2023

CommonWealth Magazine: "Mass. shows interest in financing Maine wind project"

A 1,000 MEGAWATT onshore wind project planned for northern Maine and an associated transmission build-out “would provide benefits to Massachusetts and the region,” the Mass. Department of Energy Resources said as it determined that it makes sense to have Bay State ratepayers cover 40 percent of the project costs as part of a multi-state clean energy effort.

The Maine Public Utilities Commission selected the two projects — Longroad Energy’s King Pine 1,000 MW land-based wind generation project and LS Power Base’s 345 kilovolt (kV) transmission line project — in October to fulfill that state’s clean energy law requirements. The anticipated net cost of the two projects is $1.7 billion over 30 years, but the Maine PUC directed its staff “to look to other states to assess if there are partnerships that could reduce the costs to Maine.”
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CommonWealth Magazine: "Mass. shows interest in financing Maine wind project"
CommonWealth Magazine: "Mass. shows interest in financing Maine wind project"

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