You are here: Home » Geography » Massachusetts
Massachusetts
More News and Commentary
IEEFA
ReNews.biz: The Massachusetts state legislature has increased its offshore wind target to 5600MW for the state. An Act Creating a Next-Generation Roadmap for Massachusetts Climate Policy authorises an additional 2400MW of offshore wind procurement. It also raises the State’s Renewable Portfolio target to 40% by 2030. The legislation will now go to state Governor Charlie […]
IEEFA
S&P Global Market Intelligence ($): A new report analyzing ISO New England data concluded that behind-the-meter solar produced over 8,600 GWh of electricity across the grid operator’s territory from 2014 to 2019, reducing wholesale energy market costs in the region by $1.1 billion. In addition to $317 million in load-impact benefits, that figure includes $743 […]
IEEFA
ReNews.biz: The Massachusetts Department of Public Utilities (DPU) has approved long-term contracts between the Commonwealth’s electric distribution companies and the 804MW Mayflower Wind offshore project off the US east coast. Mayflower Wind was selected for contract negotiation in October 2019 based on criteria established under a request for proposals (RFP) that was previously subject to […]
Press Release, Dennis Wamsted and Bryndis Woods
Eleven PJM projects under development may fail to prove financially viable
October 5, 2020 (IEEFA) — The landscape for developers of natural gas-fired power plants in the nation’s largest regional power system has shifted dramatically over the last decade, according to a joint study by the Applied Economics Clinic and the Institute for Energy Economics and Financial Analysis. The Pennsylvania-New Jersey-Maryland (PJM) system coordinates the flow […]
IEEFA
S&P Global Market Intelligence ($): Equinor ASA has agreed to sell a 50% stake in two offshore wind farms to BP PLC, establishing a strategic partnership to further develop similar projects in the U.S. The Norwegian state-owned energy company will sell the nonoperated stake in the 2-GW Empire Wind, located off the coast of New […]
IEEFA
S&P Global Market Intelligence ($): Despite being the smallest independent system operator, or ISO, in terms of electricity demand in the U.S., ISO New England is expected to be a very active market for renewable energy deployment over the next decade. Each of the six states in the ISO has a mandatory renewable portfolio standard […]
IEEFA
Utility Dive: Massachusetts Attorney General Maura Healey on Thursday called for the Department of Public Utilities (DPU) to investigate the future of the state’s natural gas industry “to protect ratepayers and ensure a safe, reliable, and fair transition away from reliance on natural gas and other fossil fuels.” Massachusetts has set a legally binding statewide […]
IEEFA
Greentech Media: Spanish utility giant Iberdrola has revealed a multi-pronged floating offshore wind strategy, announcing two pilot projects and hinting at grander ambitions for the future. Iberdrola, which controls U.S. utility Avangrid and ranks among the world’s largest wind generators, revealed Monday that it plans to have its first floating turbine in the water in […]
IEEFA
Utility Dive: About 95% of nearly 21GW of energy resources currently proposed for the New England region are grid-scale wind, solar and battery projects, according to the Independent System Operator of New England (ISO-NE). The number “reflects a dramatic shift” in the grid operator’s interconnection queue, ISO-NE president and CEO Gordon van Welie said in […]
IEEFA
S&P Global Market Intelligence ($): The expected financial return on new renewable projects in ISO New England exceeds that of merchant natural gas projects, according to recent analysis from S&P Global Market Intelligence. New merchant natural gas projects in ISO-NE are affected by the ISO-NE Forward Capacity Auction. In February, the auction, known as FCA […]
IEEFA U.S.: Investors in gas-fired projects in largest regional power system face substantial risks
Eleven PJM projects under development may fail to prove financially viableOctober 5, 2020 (IEEFA) — The landscape for developers of natural gas-fired power plants in the nation’s largest regional power system has shifted dramatically over the last decade, according to a joint study by the Applied Economics Clinic and the Institute for Energy Economics and Financial Analysis. The Pennsylvania-New Jersey-Maryland (PJM) system coordinates the flow […]