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

Future Retirement Success

Politics

Maine plans to source half its energy from offshore wind by 2040

by July 28, 2023
July 28, 2023
Maine plans to source half its energy from offshore wind by 2040

Maine will procure at least 3,000 megawatts of electricity from offshore wind turbines by 2040 under a bill signed Thursday by Democratic Gov. Janet Mills, enough to power about half of the state’s electricity load.

Incentives to ensure wind power developers steer clear of lucrative lobster fishing grounds are included in the law, which puts Maine on a path to catch up with other states that already have offshore wind projects. The law sets a timeline for requests for offshore proposals, as well as standards for port development and construction jobs.

Unlike other projects in the region, the Gulf of Maine wind turbines would showcase floating platform technology because the water is too deep for turbines to be anchored to the ocean floor. State officials hope companies will utilize technology from the University of Maine, which has been pioneering precast floating turbines and has tested prototypes off the coast.

‘Offshore wind, done responsibly, offers Maine the opportunity to secure abundant clean energy, stable energy prices, good-paying jobs and a healthier environment for future generations,’ Mills said in a statement.

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

‘The clear message to the clean energy industry is that Maine is ready to lead, come work with us,’ said Habib Dagher, director of the University of Maine’s Advanced Structures and Composites Center.

The U.S. Bureau of Ocean Energy Management gave the green light earlier this month for New Jersey’s first offshore wind farm to begin construction and previously approved projects under construction off Massachusetts, New York and Rhode Island.

State Sen. Mark Lawrence, the bill’s sponsor, thanked his colleagues for agreeing to a compromise after the governor vetoed an earlier version over concerns that labor provisions would have excluded many Maine workers. ‘This bill will mean jobs, lower and more stable energy prices while combating climate change at the same time,’ he said.

<!–>

This post appeared first on FOX NEWS
–>

0
FacebookTwitterGoogle +Pinterest
previous post
Watch Out! Growth Stocks Can Be Threatened in a Rising Rate Environment
next post
Doctor who headed Navajo Nation COVID response tapped to head Maine CDC

You may also like

Trump bans federal funding for ‘dangerous’ gain-of-function research

May 5, 2025

Did Biden call UK PM Sunak ‘prejudiced’? White...

June 15, 2023

Karine Jean-Pierre Says Republicans Busing Illegals to Other...

September 16, 2022

Israel-Hamas war: US looks to increase aid into...

November 28, 2023

US Navy responds to distress call after Israeli-owned...

November 27, 2023

Political betting markets still have plenty of action...

November 29, 2024

Harris unveils agenda to help Black men ‘get...

October 14, 2024

Hunter Biden’s ex-biz partner reveals Trump DOJ blueprint...

December 3, 2024

Hunter Biden’s defense lawyers vowed to put President...

August 20, 2023

House GOP elections chair reveals which voter blocs...

February 2, 2025

    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

    • Blue state Republicans threaten rebellion if Senate changes key provision in Trump’s ‘big, beautiful bill’

      June 5, 2025
    • Ricketts, Fetterman team up for crackdown on China’s attempts to purchase US farmland

      June 5, 2025
    • Hamas working to ‘sabotage’ Trump-backed aid group with ‘fake news’: Israeli official

      June 5, 2025
    • Longtime Trump loyalist flips on GOP’s ‘big, beautiful bill’

      June 5, 2025
    • Supreme Court rules Wisconsin unconstitutionally discriminated against Christian charity

      June 5, 2025
    • Trump touts ‘very positive’ breakthrough with Xi after slamming China for trade violation

      June 5, 2025

    Categories

    • Business (8,147)
    • Investing (2,008)
    • Politics (15,529)
    • Stocks (3,128)
    • 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