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Maine regulator approves inking contract for 100-MW solar project

Solar power station. Featured Image: worradirek/Shutterstock.com

March 4 (Renewables Now) - The Maine Public Utilities Commission (PUC) has approved a proposed long-term power supply contract for the 100-MW Three Rivers Solar project in Hancock County, it was announced last week.

The commission said in a statement that it directs local utility Emera Maine to seal a final contract with project developer Three Rivers Solar Power LLC based on the now approved term sheet.

The energy only contract will have a term of 10 years and will see the electricity generated by the plant be sold at a price of USD 35 (EUR 30.9) per MWh in the first year, with a 2.5% annual escalation thereafter.

The ground-mounted solar power plant is expected to be completed by December 31, 2021.

(USD 1.0 = EUR 0.882)

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