• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy Maine plans to source half its energy from offshore wind by 2040
Economy

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

by July 28, 2023
by July 28, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

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

–>

You Might Also Like
  • GOP rep unveils bill to install weapons lockers so House employees can take guns to work in ‘crime-ridden DC’
  • New York officials update overtime threshold for farm workers
  • Trump leading Biden ahead of CNN Presidential Debate, support from Black voters way up since 2020: poll
  • Sen. Tim Scott headed to Iowa in February, fueling more GOP presidential speculation
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Is Gold Headed for New, All-Time Highs?
next post
Trump charged with additional counts in special counsel’s classified records probe

You may also like

RFK, Jr reveals path to presidency as Biden, Trump campaigns...

April 30, 2024

House Dem Leader Jeffries floats end-run around McCarthy to avert...

September 30, 2023

Ethereum Sentiment Declines Amid Regulatory Concerns

February 7, 2025

Ukraine aid threatens to fall through cracks as Republicans, Democrats...

December 13, 2023

Harris rapidly consolidates Democrats’ support, and here’s what that means...

August 2, 2024

EURUSD and GBPUSD: Euro under pressure drops below

September 27, 2024

Law enforcement brace as anti-Israel groups vow to bring tens...

August 15, 2024

Dogecoin and Shiba Inu: Dogecoin in retreat since last night

October 17, 2024

DOJ considered letting the FBI monitor search for classified documents...

January 18, 2023

DeSantis, Haley target President Biden over humanitarian aid to Palestinians:...

October 25, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


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

    Recent Posts

    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025
    • Run Your Stock Portfolio Like a Pro Sports Team

      May 30, 2025
    • U.S. foreign tax bill sends jitters across Wall Street

      May 30, 2025
    • Amazon taps Xbox co-founder to lead new team developing ‘breakthrough’ consumer products

      May 30, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,765 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,472 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,451 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,432 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,308 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,581)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right...

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025
    • Run Your Stock Portfolio Like a Pro Sports Team

      May 30, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,581)

    Disclaimer: RoundTableThoughts.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 © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    S&P 500 climbed 0.3%, and Nasdaq-100...

    December 4, 2024

    Wisconsin DNR board approves resolution seeking...

    April 13, 2023

    Ex-NSA official Harry Coker confirmed as...

    December 13, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here