The US states of Massachusetts and Rhode Island have jointly awarded 1,200 MW of new offshore wind capacity to two projects.
Massachusetts state utilities Unitil, National Grid and Eversource Energy have selected an 800 MW offshore project south of Martha’s Vineyard, developed by the Danish fund management company Copenhagen Infrastructure Partners (CIP) and the US energy services company Avangrid Renewables. Once built (as of 2021), the would account for 6% of the state's total annual power load. In the meantime, Rhode Island announced a contract with the the offshore wind project developer Deepwater Wind for the construction of a 400 MW wind park.
In 2016, Massachusetts passed a law requiring power utilities to procure 1,600 MW of offshore wind electricity over the next decade. The state of New Jersey has just adopted a law committing to procuring 3,500 MW of offshore wind.
Searching for proven generation costs?
Then CAPEX & LCOE is the database you need. The module provides exclusive insights on both Capital Expenditure and Levelised Cost of Electricity.
Make informed decisions in terms of which technologies to invest in and where. In just a few clicks, access unique, premium data on both thermal and renewable power generation costs by technology and by country. Put our detailed, reliable information to use and benchmark your project.