Industry Heavyweights To Invest In UMaine Offshore Wind Project Near Monhegan Island

MAINE PUBLIC • August 5, 2020

The University of Maine's effort to pioneer floating offshore wind technology took a $100 million leap forward Wednesday with the announcement that two industry heavyweights are going to invest in development of the project near Monhegan Island. A subsidiary of the Mitsubishi company, called Diamond Offshore Wind, is joining with RWE Renewables to invest the $100 million to build and deploy a full-scale, floating wind farm at the site, about 14 miles off Maine's coast. The new company, called New England Aqua-Ventus, will collaborate with the University of Maine composites program that was the incubator for the project's unique floating-platform technology.