Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

Maine lawmakers endorse offshore wind program that would help state meet clean energy goals

by July 26, 2023
July 26, 2023
Maine lawmakers endorse offshore wind program that would help state meet clean energy goals

Maine is poised to launch an offshore wind program that would meet clean energy goals and produce enough power for about 900,000 homes from floating wind turbines in the Gulf of Maine.

The legislation, which was endorsed by lawmakers Tuesday, calls for requests for proposals to be issued for 3,000 megawatts of electricity from offshore wind turbines by 2040. That’s enough electricity to power about half of Maine’s electricity load.

‘This bill means jobs. It means lower, more stable energy prices, while at the same time addressing climate change. We need to pass this bill now,’ said Democratic Sen. Mark Lawrence, the bill’s sponsor.

Legislation was revised, combined with another bill and reintroduced to address Democratic Gov. Janet Mills’ concerns about labor agreements, causing her to veto an earlier bill. The offshore wind bill passed both chambers of the Legislature in initial votes Tuesday.

Approval puts Maine on a path to catch up with other states that already have offshore wind projects. The catch, however, is that the wind turbines would be farther offshore than those projects, and would involve floating turbines. It also includes incentives aimed at ensuring wind power developers steer clear of lucrative lobster fishing grounds.

Lawrence, of York, said previously that he believes the compromise proposal has necessary ‘guardrails in place to make sure this is done right and truly benefits Mainers.’

The U.S. Bureau of Ocean Energy Management already approved projects that are now under construction off Massachusetts, New York and Rhode Island, and it gave the green light earlier this month for New Jersey’s first offshore wind farm to begin construction. Next month, it will hold an auction for leases in the Gulf of Mexico.

In Maine, the timeline calls for the federal lease sales to be completed next year and for the state to release request for proposals to operate the offshore wind turbines in early 2026.

The Gulf of Maine is considered a prize when it comes to consistent, powerful winds, but the water is too deep for traditional wind turbines that are anchored to the ocean floor. Maine officials hope companies will license technology from the University of Maine, which has been pioneering precast floating turbines that can be built on land and towed to sea.

‘This is the bill that will jumpstart the offshore wind industry in Maine,’ said Jack Shapiro, climate and clean energy director for the Natural Resources Council of Maine.

A decade ago, the state was poised to host a $120 million wind project led by Norwegian company Statoil, but Statoil backed out after the state reopened bidding to provide an opportunity to the University of Maine.

The U.S. could need roughly 2,000 of the most powerful turbines to meet its goals to ramp up offshore wind. Doing so would dramatically cut its use of fossil fuels, protect the atmosphere and reduce climate change.

<!–>

This post appeared first on FOX NEWS
–>

0
FacebookTwitterGoogle +Pinterest
previous post
Hunter Biden to appear in federal court, enter guilty plea out of years-long federal probe
next post
New York law restricting sidewalk counseling at abortion clinics could face SCOTUS scrutiny

You may also like

VP Kamala Harris announces nationwide tour in support...

December 20, 2023

Supreme Court to allow Biden admin power plant...

October 17, 2024

Biden Takes Credit For Averting Rail Strike After...

September 17, 2022

‘He’s back’: Trump’s joint address to Congress to...

March 4, 2025

Liz Cheney lambastes Trump over Russia/Ukraine, branding him...

February 20, 2025

Elon Musk Admits Twitter Has “Interfered with Elections”...

November 30, 2022

Hamas releases 13 Israeli hostages, 11 others as...

November 25, 2023

Critics claim Biden remains president ‘in name only’...

August 20, 2024

31 House Republicans threaten GOP senators’ pet projects...

December 21, 2022

Wyoming Gov. Gordon encourages lawmakers to save, ‘make...

January 12, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump appointee Barrett challenges administration on nationwide injunctions, surprises and delights liberals

      May 16, 2025
    • Senators sound off as Supreme Court hears case on nationwide injunctions

      May 16, 2025
    • Israel turns tables on UN official claiming ‘genocide’ in Gaza with basic questions

      May 16, 2025
    • Handful of Republicans sink Trump’s ‘big, beautiful bill’ in key House committee

      May 16, 2025
    • SPY and QQQ Recapture their 200-day SMAs – Tips for Reducing Whipsaws and Improving Performance

      May 16, 2025
    • Applying Dow Theory to Today’s Market: Are We in a Reversal or a New Trend?

      May 16, 2025

    Categories

    • Business (7,974)
    • Investing (1,965)
    • Politics (15,253)
    • Stocks (3,087)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved