November 9, 2020 Read More →

Massachusetts regulators okay contracts for 804MW Mayflower offshore wind project

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 public comment and approved by the DPU after review by an independent evaluator on 17 May 2019.

The wind farm is expected to provide approximately 0.1% to 1.8% savings on customer’s monthly energy bills, all other bill impacts remaining equal, at a total levelised price of 7.8 cents/kilowatt hour in nominal dollars, DPU said.

It said that, overall, the total net benefits, both direct and indirect, to Massachusetts ratepayers over the life of the contract are expected to be approximately $2.4bn.

Energy and Environmental Affairs Secretary Kathleen Theoharides said: “This approval ensures that the Commonwealth’s second offshore wind project offering cost-effective and locally produced clean energy can move forward. The Baker-Polito Administration’s efforts to grow the Commonwealth’s clean energy portfolio is key to achieving net zero emissions by 2050.”

More: Massachusetts approves Mayflower Wind contracts

Comments are closed.