incentives

The database provides summaries of federal financial incentives and rules, regulations, and policies that promote renewable energy and energy efficiency, including: business energy investment tax credit (ITC); renewable electricity production tax credit (PTC); and, section 1603 Department of Treasury renewable energy grant program.

Link to DSIRE website:  Federal page

Statoil's proposed term sheet for a 20-year contract for the output of the Hywind Maine pilot project (nameplate capacity of 12MW).  Statoil estimates that project suppliers will employ approximately 150 full-time jobs in Maine during peak construction, and commits to spend at least 40% of capital and operations & maintenance (O&M) expenditures in Maine.

In this order, the Maine Public Utilities Commission (PUC) issues its interpretation of the rate impact limitation provision regarding competitive solicitation of proposals for long-term contracts from deepwater offshore wind energy or tidal energy demonstration projects.

The Maine Public Utilities Commission (PUC) solicits comments on a non-confidential redacted version of a term sheet for a proposed long-term contract for the output of the Hywind Maine pilot project.

The supplemental comments respond to comments submitted by the Governor's Office of Energy Independence (OEIS) and the Industrial Energy Consumers' Group (IECG).

The letter and accompanying attachments detail Statoil's support of the Maine Public Utilities Commission's (PUC's) approval of a term sheet for a proposed long-term contract for the output of the Hywind Maine pilot project.

The letter accompanies Boston Pacific Company's report, which reviews  terms and conditions for long-term contracts for renewable ocean energy projects. 

The Industrial Energy Consumer Group (IECG) comments that the proposed Statoil term sheet does not comply with federal law on electric rates and must be modified substantially in order to come into compliance with federal requirements.  The IECG also argues that the term sheet also does not appear to comply with requirements of state law in its lack of: information on decomissioning and removal; quantification of tangible state economic benefits; or, commitment to invest in manufacturing facilites in Maine.

The report examines the statewide economic impact of a 500 MW offshore wind energy facility through two different scenarios.  Under the existing supply chain, the report estimates that planning and construction activities would have an annual economic impact in each of the five years of the project of an estimated $271.0 million in output, 2,218 full- and part-time jobs, and $89.2 million in labor income.  Operations and maintenance (O&M) would have an annual economic impact for at least 20 years of operations of an estimated $115.4 million in output, 546 full- and part-time jobs, and $31.5 million in labor income.  Under an enhanced supply chain scenario, which would require attracting a turbine assembly plant to Maine, the annual statewide economic impacts of planning and construction could increase to an estimated $473.0 million in output, 3,199 full- and part-time jobs, and $141.9 million in labor income.  Operations and maintenance (O&M) would increase annual state economic impact to an estimated $209.8 million in output, 932 full- and part-time jobs, and $55.1 million in labor income.