The Maine Public Utilities Commission approved a term sheet for the Maine Aqua Ventus I offshore-wind pilot project Jan. 14.
The 2-1 vote clears the way for the project to receive support from electric ratepayers and outlines the conditions for the project to sell its electricity, according to the Bangor Daily News.
The term sheet calls for Maine Aqua Ventus to sell electricity to Central Maine Power Company for 23 cents per kilowatt hour, according to the newspaper.
CMP and Maine Aqua Ventus will negotiate a long-term contract, which the Public Utilities Commission will review.
Maine Aqua Ventus I GP LLC, the company behind the project, plans to install two floating wind turbines in state waters about 12 miles southeast of mainland Bristol and 3 miles south of Monhegan in 2017.
Some Bristol and Monhegan residents have concerns about the project, and both Bristol and Monhegan have formed committees to represent their interests.