MAINE - The Maine Public Utilities Commission selected 17 renewable energy projects this week for long-term contracts that will assist the state's renewable portfolio standard goals.
Selected projects include solar, wind, hydro-electric, and biomass efforts, which will be located in Maine. All bidders will enter into 20-year contracts with either Central Maine Power Company or Versant Power.
Initially, the projects should bring in more than $145 million. Throughout their 20-year run, they should also spend more than $3 million per year on the purchase of goods and services and bring around $4.7 million in annual tax revenue to state and local communities, reports Daily Energy Insider.
