AUGUSTA, Maine (AP) — The University of Maine and its partner companies say the planning and construction of its 12-megawatt floating offshore wind project will create at least 340 full and part-time jobs and make the state a hub for development.
Cost and expected economic impact details released Wednesday shed light on the project that’s being considered for a state contract. It’s the only project in the running after Norwegian company Statoil removed its bid in October.
Utility customers would pay 23 cents per kilowatt hour for electricity, significantly higher than current market rates. But UMaine officials say that must be considered in light of other economic and environmental benefits.
The report says the project will create $120 million in investments, with at least half paid to Maine-based companies.