 - For more details, see "Currently Operating OTEC Plants" above.On March 5, 2014, Ocean Thermal Energy Corporation (OTEC) and the 30th Legislature of the United States Virgin Islands (USVI) signed a Memorandum of Understanding to move forward with a study to evaluate the feasibility and potential benefits to the USVI of installing on-shore Ocean Thermal Energy Conversion (OTEC) renewable energy power plants and Seawater Air Conditioning (SWAC) facilities.The benefits to be assessed in the USVI study include both the baseload (24/7) clean electricity generated by OTEC, as well as the various related products associated with OTEC and SWAC, including abundant fresh drinking water, energy-saving air conditioning, sustainable aquaculture and mariculture, and agricultural enhancement projects for the Islands of St Thomas and St Croix.