Avangrid has announced that the U.S. Department of Energy (DOE) has selected Avangrid for a $425 million capacity contract for its Aroostook Renewable Project.
This announcement comes as the Maine Public Utilities Commission (MPUC) prepares to issue a transmission line Request for Proposals (RFP) to connect 1,200 MW of renewable energy to the New England power grid in Maine. The generation portion is being solicited separately by the MPUC. Avangrid intends to participate in the transmission line RFP process and will include the awarded $425 million capacity contract as part of the company’s proposal. Capacity contracts of this nature are meant to boost investment and catalyse the nationwide development of transmission lines. The initiative is funded by President Joe Biden’s Bipartisan Infrastructure Law, passed in 2021. The Maine PUC will likely announce winning bids in 2025.
