• 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
  • New report highlights ‘booming’ transgender surgery industry that is raking in billions: ‘Damage being done’
  • Johnson floats defunding special counsel’s office amid Jack Smith’s Trump probe
  • CAIR slams Biden remarks on Palestinian civilian deaths: ‘Shocking and dehumanizing’
  • Harris slammed as ‘CopyCatKamala’ for following Trump’s lead on exempting taxes on tips
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

Dems across the country defecting to GOP: ‘Democratic Party has...

August 11, 2023

First on Fox: Former Rep. Mark Walker launches Republican campaign...

May 20, 2023

Israel recovers 6 dead hostages in ‘complex rescue operation,’ says...

August 20, 2024

Stampede, gunfire at Gaza humanitarian aid delivery kills over 100,...

March 1, 2024

Blinken delayed in Switzerland after Boeing jet suffers ‘mechanical issue,’...

January 18, 2024

The Long Read: 2024 is an election about 10/7, not...

January 14, 2024

Jordan seeks to quell doubts about speaker bid at GOP...

October 17, 2023

Schumer-aligned group pulled in $270M from secret donors in recent...

July 8, 2023

Trump says classified document folders were ‘cool’ keepsake

January 18, 2023

DeSantis blasts Biden for prioritizing Gaza aid that will be...

October 18, 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

    • Week Ahead: NIFTY Stays In A Defined Range; Moving Past This Level Crucial For Resumption Of Upmove

      May 31, 2025
    • 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

    Popular Posts

    • 1

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

      June 27, 2024 2,766 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 2,433 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,309 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,582)

    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

    • Week Ahead: NIFTY Stays In A Defined Range; Moving Past...

      May 31, 2025
    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right...

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,582)

    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

    Bank and Crypto Runs: F(ac)TX vs...

    November 25, 2022

    White House reveals dinner menu for...

    May 23, 2024

    How Nikki Haley burned bridges in...

    January 31, 2024
    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