Vineyard Wind concludes agreement to sell electricity at US$65/MWh
Vineyard Wind and the Massachusetts EDCs have come up with a leverized price, long-term contracts for the 800 MW Vineyard Wind project. The scheme will be selling the electricity at USD 65/MWh, materially below the levelized projected costs of buying the same amount of wholesale energy and Renewable Energy Credit (RECs) in the market.
The total direct and indirect benefits to Massachusetts ratepayers from contracts are expected to be USD 35.29/MWh on average over the term, with total net benefits of approximately USD 1.4 billion. The long-term contracts will be delivered in two phases with expected commercial operation dates of 15 January 2022 for the first 400 MW phase, and 15 January 2023 for the second 400 MW phase.
Country updates
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August 01, 2018
Lincoln Clean Energy signs first PPA for 230 MW wind project in the USA
The J. M. Smucker Company, an American manufacturer of various food products, has announced that it has entered into a long-term power purchase agreement (PPA) with Lincoln Clean Energy (LCE) for...
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August 01, 2018
Atlantic Power completes acquisition of Koma Kulshan hydro project
Covanta has completed the sale of the 13.3 MW Koma Kulshan run-of-the-river hydropower project to Atlantic Power Corporation. The $12 million-deal was paid to purchase the rem...
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August 01, 2018
Standard Solar completes 9.8 MW solar farm in New Mexico
The completed project involves the construction of 28,896 panel single-axis tracker array for photovoltaic solar farm. The project is located in Gallup, New Mexico, USA. The capacity of the...
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July 31, 2018
Duke Energy starts construction of 75 MW solar project in Florida
Duke Energy has announced that construction is underway at the Hamilton Solar Power Plant, located in Hamilton County, Florida. The plant will have an installed capacity of 74.9 MW, consisting of...
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July 31, 2018
Florida Power & Light Company starts construction of 300 MW solar projects
Florida Power & Light Company announced the start of construction of its four newest solar power plants, continuing to build on the success of its affordable clean energy strategy that has helped...
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