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Entries in Hywind (4)

Friday
Apr122013

Energy News Roundup: April 6-April 12

Friday
Jan252013

Energy News Roundup: January 19-January 25

This week in regional energy news …

Friday
Jan252013

Maine Commission Green Lights Hywind Maine

Yesterday, the Maine Public Utilities Commission (the “Commission”) voted to approve the revised term sheet submitted by Statoil North America, Inc. (“Statoil”) relating to its offshore wind energy development project, Hywind Maine.  Originally proposed in May of 2011, Hywind Maine is a $120 million pilot project to construct and install four, three-megawatt floating offshore wind energy turbines approximately twelve miles from Boothbay Harbor, Maine.  

The Commission had previously tabled deliberations on the original term sheet for Hywind Maine, and was sharply divided over whether Statoil could sufficiently guarantee long-term economic benefits that would outweigh the cost of the project allocated to Maine ratepayers.  At the original deliberation session held October 4, 2012, only Commissioner Littell voted in favor the original term sheet, both Commissioner Vannoy and Chairman Welch opposed it.  At that time, Chairman Welch explained that he could not approve the existing term sheet because it failed to ensure a benefit to Maine in the event that the technical knowledge generated by Hywind Maine was used by Statoil to develop a large-scale wind energy project outside of the State.  The Commission ultimately tabled deliberations and invited Statoil to engage in discussions regarding their concerns.

Statoil responded on January 14, 2013, by submitting a revised term sheet that, among other things, reduced the energy cost associated with the project from $290/MWh to $270/MWh and outlined Statoil’s “good faith” commitment to involve Maine contractors and suppliers in the development of any large-scale wind farm it might construct in the Northeast or Mid-Atlantic prior to 2025.

During yesterday’s deliberations, Commissioner Vannoy remained opposed to the revised term sheet despite

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Monday
Sep242012

Maine PUC Receives Comments Regarding the Hywind Maine Offshore Wind Project

Recently, Ocean Renewable Power Company (“ORPC”) activated its tidal water turbine in Cobscook Bay, becoming the first tidal energy developer to successfully link a commercial tidal water turbine to the power grid in North America.  The ORPC project is one of two proposals for long-term contracts to supply energy from deepwater offshore wind energy or tidal energy projects that the Maine Public Utilities Commission (“MPUC”) solicited under the 2009 Act to Implement the Recommendations of the Governor’s Ocean Energy Task Force (the “Ocean Energy Act”). 

A public version of the Term Sheet for another proposal, the Hywind Maine Project, was filed by Statoil North America, Inc. (“Statoil”) on Aug. 29, 2012.  In its project, Statoil proposes

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