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Maine’s $100 Million Floating Offshore Wind Project Finds Major Backers: RWE and Mitsubishi

from Greentech Media

Maine’s $100 Million Floating Offshore Wind Project Finds Major Backers: RWE and Mitsubishi Greentech Media After years of development, the University of Maine has landed two major energy investors for its floating offshore wind demonstration project, announcing that units of Japan’s Mitsubishi Corp. and German utility RWE will buy and build the project — a potential door-opener for the U.S. floating wind market. RWE Renewables and Mitsubishi-owned Diamond Offshore Wind have formed a new joint venture, known as New England Aqua Ventus, that will acquire, develop and eventually operate the single-turbine floating wind project that is expected to cost $100 million. READ MORE

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