Thought You should Know: Maine Gets $1.5B from Spain for Smart Grid

Iberdrola U.S.A. and Central Maine Power Company have launched two smart grid projects worth over $1.5 billion to upgrade the state’s electricity distribution system and make it suitable for renewable energy adaptation.

The $1.4 billion Maine power reliability program intends to boost the capacity and efficiency of the transmission grid to ensure long-term reliability. The project will also support the development of new renewable energy resources in the New England region.
The project is deemed as Maine’s largest energy infrastructure and its first electricity upgrade in 40 years. It will be completed by 2015 and will generate over 3,000 jobs annually during the five-year construction phase.

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