AUGUSTA, Maine — A wind power developer is abandoning negotiations on a long-term power purchase agreement in Maine after regulators decided to reconsider the term sheet.
Jeremy Payne from the Maine Renewable Energy Association said Monday that SunEdison decided to negotiate a long-term agreement with other states in New England. He stressed that the wind power project is still on track, but the power would be purchased by ratepayers elsewhere instead of by ratepayers in Maine.
John Lamontagne from SunEdison said the Weaver Wind project in Hancock County would've saved Maine ratepayers up to $35 million.
The Maine Public Utilities Commission approved the term sheets for both the Weaver project and for NextEra's High Wind in Somerset County in December. Then regulators voted 2-1 to reconsider.
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