Return to Blog
Massachusetts House passes mandates for 1.2 GW each of offshore wind, hydropower
Massachusetts lawmakers are supporting green energy. With Boston hosting a US-China Climate Summit in 2017, the state is preparing to become a sustainability example for other states and countries to follow.
Led by the UK and Germany, the installed capacity of global offshore wind is now over 11,000 MW and is expected to increase by 12,000 MW by 2019, according to Bloomberg New Energy Finance. The Massachusetts proposal would allow U.S. offshore wind developers their first opportunity to work at something near that scale.
Deepwater Wind’s 30 MW, five-turbine Block Island Wind Farm, expected to be operational this summer off Rhode Island’s coast, will be the first U.S. offshore wind project. Its 20-year power purchase agreement with National Grid has a contracted price of $0.244/kWh.
Read the rest at UtilityDive.com
Disclaimer: Although the information contained herein is from sources believed to be reliable, TFS Energy Solutions, LLC and/or any of its members, affiliates, and subsidiaries (collectively “TFS”) makes no warranty or representation that such information is correct and is not responsible for errors, omissions or misstatements of any kind. All information is provided “AS IS” and on an “AS AVAILABLE” basis and TFS disclaims all express and implied warranties related to such information and does not guarantee the accuracy, timeliness, completeness, performance or fitness for a particular purpose of any of the information. The information contained herein, including any pricing, is for informational purposes only, can be changed at any time, should be independently evaluated, and is not a binding offer to provide electricity, natural gas and related services. The parties agree that TFS’s sole function with respect to any transaction is the introduction of the parties and that each party is responsible for evaluating the merits of the transaction and credit worthiness of the other. TFS assumes no responsibility for the performance of any transaction or the financial condition of any party. TFS accepts no liability for any direct, indirect or other consequential loss arising out of any use of the information contained herein or any inaccuracy, error or omission in any of its content. This document is the property of, and is proprietary to, TFS Energy Solutions, LLC and/or any of its members, affiliates, and subsidiaries (collectively “TFS”) and is identified as “Confidential.” Those parties to whom it is distributed shall exercise the same degree of custody and care afforded their own such information. TFS makes no claims concerning the validity of the information provided herein and will not be held liable for any use of this information. The information provided herein may be displayed and printed for your internal use only and may not reproduced, retransmitted, distributed, disseminated, sold, published, broadcast or circulated to anyone without the express written consent of TFS.