July 19 (Renewables Now) - The Maine Public Utilities Commission (PUC) approved last week a 20-year off-take contract for the output of a 72.6-MW wind power project in Hancock County, Maine.
The contract price is USD 0.035 (EUR 0.031) per kWh and it will be rising at a rate of 2.5% per year, the Commission said. The off-taker is local utility Emera Maine.
Weaver Wind LLC, a unit of Longroad Development Partners LLC, is currently developing the project, with plans to put it online by December 2020 at the latest.
The Weaver Wind contract is a result of the Maine PUC’s latest request for proposals (RFP) for capacity resources, available energy, and renewable energy credits. Earlier this year, a contract for power from the 100-MW Three Rivers Solar project received the Commission’s rubber stamp.
(USD 1.0 = EUR 0.89)