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DISCLAIMER: This blog is published for general information only - it is not intended to constitute legal advice and cannot be relied upon by any person as legal advice. While we welcome you to contact our authors, the submission of a comment or question does not create an attorney-client relationship between the Firm and you.

Entries in Renewables (80)

Friday
Apr122013

Energy News Roundup: April 6-April 12

Friday
Mar222013

Energy News Roundup: March 16-March 22

This week in regional energy news …  

Friday
Mar152013

Energy News Roundup: March 9-March 15

This week in regional energy news …

Friday
Mar082013

Energy News Roundup: March 2-March 8

This week in regional energy news …

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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Friday
Oct052012

Energy News Roundup: September 29-October 5

This week in regional energy news . . .

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