US Wind Gets Competition off Maryland

Illustration.

A second Offshore Wind Renewable Energy Credit (OREC) application has recently been submitted by a second developer in Maryland, USA, the Business Network for Offshore Wind reports.

This application will compete with US Wind, who filed in an OREC application in February.

The window for any additional applications will close on 18 November. At that time, all the names of the applicants should be made public, the Business Network said.

The OREC is the offshore renewable energy credit that provides USD 1.9 billion in financing to the developer of the Maryland wind energy area.

In order to secure the financing, offshore wind developers must submit applications, which are reviewed by the Maryland Public Service Commission.

After a formal hearing process, applications are reviewed based on several criteria including the net economic benefit to this U.S. state.

The process will bring economic development and investment to Maryland, the region and across the U.S. as suppliers and port sites are selected, the Business Network said.

The next step in the process is the approval of the OREC application. The Business Network will file as an intervener into the formal hearing process.

Share this article

Follow Offshore Wind

Events>

<< Jan 2018 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

Maintenance and Pumps & Valves 2018

Pumps & Valves focuses on industrial pumps, (control) valves, seals, filters, filtration solutions, processing equipment, (pipe) pipes…

read more >

Asia Offshore Wind Day 2018

The event will bring together senior executives active in the offshore wind industry in Asia…

read more >

6th Int’l Wind Energy Expo & Conference WIND EXPO 2018

From components, devices, various services to wind turbines…a wide range of cutting-edge products and technologies will be exhibited…

read more >

SNS2018 – The Southern North Sea Conference & Exhibition

EEEGR’s flagship Southern North Sea conference is the most important event for the energy sector in the East of England…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreWIND.biz, you’ll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreWIND.biz, you’ll reach countless professionals in the sector. For more information, click below...

apply

Offshore Wind jobs in Taiwan at New Power Partners

New Power Partners offers global management and support services to the Offshore Wind Industry within development, planning and construction activities ...

apply

Vessels>