Maine Lawmakers Approve Bill to Boost Offshore Wind Development

Maine moved a step closer to becoming the East Coast’s first floating offshore wind location after lawmakers approved a bill paving the way for deep-water development. Author of the article: Bloomberg News Cailley LaPara Published Jul 26, 2023  •  Last updated 4 hours ago  •  1 minute read Barges position offshore floating wind turbines during assembly…
Maine Lawmakers Approve Bill to Boost Offshore Wind Development

Maine moved a step closer to becoming the East Coast’s first floating offshore wind location after lawmakers approved a bill paving the way for deep-water development.

Author of the article:

Bloomberg News

Cailley LaPara

Published Jul 26, 2023  •  Last updated 4 hours ago  •  1 minute read

Barges position offshore floating wind turbines during assembly in the Hywind pilot park, operated by Statoil ASA, in Stord, Norway, on Friday, June 23, 2017. The world’s first offshore floating wind farm will be moved to its final destination outside Peterhead, Scotland, later this summer to provide clean energy to 20,000 British households. Photo by Carina Johansen /Bloomberg

(Bloomberg) — Maine moved a step closer to becoming the East Coast’s first floating offshore wind location after lawmakers approved a bill paving the way for deep-water development. 

Advertisement 2

THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY

Subscribe now to read the latest news in your city and across Canada.

  • Exclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others.
  • Daily content from Financial Times, the world’s leading global business publication.
  • Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
  • National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
  • Daily puzzles, including the New York Times Crossword.

Subscribe now to read the latest news in your city and across Canada.

  • Exclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others.
  • Daily content from Financial Times, the world’s leading global business publication.
  • Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
  • National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
  • Daily puzzles, including the New York Times Crossword.

Create an account or sign in to continue with your reading experience.

  • Access articles from across Canada with one account.
  • Share your thoughts and join the conversation in the comments.
  • Enjoy additional articles per month.
  • Get email updates from your favourite authors.

The bill, approved Wednesday, includes pathways for utility companies to purchase wind power and for developers to build port infrastructure using local workers, a detail that prompted Governor Janet Mills’ veto last month. She is expected to sign the bill in the coming days.

Article content

The state has a goal to install 3 gigawatts of offshore wind energy by 2040, bringing Maine closer to its goal of powering its grid with 100% renewable energy by that year. The bill would help Maine contribute to the Biden administration’s target of deploying 15 gigawatts of floating offshore wind by 2035. 

Read More: US Offshore Power Finally Has Wind in Its Sails

“This legislation is necessary to help ensure that appropriately sited and operated offshore wind development safely coexists with Gulf of Maine wildlife and the marine habitats they rely on,” Eliza Donoghue, Maine Audubon’s director of advocacy, said in a press release. 

Geography in the Gulf of Maine would most likely require floating wind turbines because the ocean floor there may be too deep to install fixed-bottom structures, which are the norm along the rest of the East Coast. Floating technology is relatively nascent, with very few floating wind farms operating around the world.

The federal government is preparing to auction ocean areas off the Gulf of Maine, with some in the industry expecting the sales to take place next year. 

Read More

Total
0
Shares
Leave a Reply

Your email address will not be published.

Related Posts
Stocks extend gains on strong U.S. earnings, weak economic reports
Read More

Stocks extend gains on strong U.S. earnings, weak economic reports

Author of the article: WASHINGTON — Global stocks staged a recovery on Wednesday as strong earnings from U.S. technology companies and OPEC+ plans for moderate oil output helped to counter jitters over weak economic reports. Investors also shrugged off the pace of central banks’ interest rate hikes. The STOXX index of 600 European companies rose…
The $300 Trillion Question
Read More

The $300 Trillion Question

How long can the world’s borrowers hold on as higher interest rates bite? Author of the article: Bloomberg News Lucy White, Catarina Saraiva and Swati Pandey Published Sep 17, 2023  •  6 minute read dp}y{y8]peyjmz2xl]r){k{7_media_dl_1.png Source: Office for National Stat (Bloomberg) — Ligaya Kelly worries her pet boarding facility on the outskirts of Los Angeles won’t…
Alta Equipment Group Inc. Announces Closing of Secondary Offering of Common Stock
Read More

Alta Equipment Group Inc. Announces Closing of Secondary Offering of Common Stock

Author of the article: Published Jul 25, 2023  •  2 minute read LIVONIA, Mich., July 25, 2023 (GLOBE NEWSWIRE) — Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or the “Company”), a leading provider of premium material handling, construction and environmental processing equipment and related services, today announced the closing of its previously announced secondary offering…