Wind Energy
"The U.S. Department of Energy has cleared the University of Maine’s offshore wind project and two other over-water wind farms to receive up to $40 million more to build a full-scale demonstration projects.
The UMaine project leapfrogged over others that were initially selected as finalists for a grant funding round that, with Friday’s announcement, has entirely changed.
No longer are the projects competing with one another for funding, but they must meet certain benchmarks to receive continued disbursements over three additional review periods, according to a Department of Energy spokesperson.
In each review period, the three projects will be able to receive another $13.3 million, with additional review between each funding phase to determine whether the department will continue or stop funding projects.
The Energy Department picked UMaine alongside Atlantic City Windfarm in New Jersey and Lake Erie Energy Development Corp., each using different foundations."
Click here for the full article from the BDN.
For more information about the Monhegan Aquaventus Project, click here.