On September 22, 2020, the Maine Public Utilities Commission (PUC) approved the terms for 546 MW of renewable energy projects, the largest renewable energy procurement in the state's history.[1] During its 2019 session, the Maine Legislature enacted An Act To Reform Maines Renewable Portfolio Standard which directed the PUC to conduct two competitive solicitation processes to procure renewable energy equal to 14% of retail electricity sales in the State during calendar year 2018. This first round of solicitations included 482.5 MW of new solar, 20 MW of new wind, 39 MW of existing biomass, and 4.5 MW of existing hydropower.[2] The selected bidders will enter into 20-year contracts with both or either of Maine's investor-owned utilities, Central Maine Power and Emera Maine.

The projects are expected to provide substantial benefits to Maine’s environment and economy. Based on estimates from project bidders, the projects would reduce greenhouse gas emissions by roughly 500,000 tons per year. Bidders also committed to providing more than 450 full-time equivalent jobs during the construction phase and more than 30 full-time equivalent jobs in each year of the operations phase. Additionally, according to Commission Chairman Philip L. Bartlett, the first-year prices for energy from the new projects will be competitive, ranging between $0.029-$0.042 per kWh.

[1] https://www.maine.gov/tools/whatsnew/index.php?topic=puc-pressreleases&id=3329595&v=article08

[2] https://www.maine.gov/mpuc/electricity/rfps/class1a2020/