Page 8 - Commonwealth Wind News Today

Progress is stalled around the world as nobody wants to admit the real costs

Despite the negative headlines around the longer-term prospects for the U.S. offshore wind segment, business intelligence…

Despite the negative headlines around the longer-term prospects for the U.S. offshore wind segment, business intelligence…

Companies looking to develop wind turbine projects must negotiate contracts with utilities companies to provide them with power. SouthCoast Wind, a developer planning to build a wind turbine farm about 30 miles south of Martha’s Vineyard, procured contracts to supply power in Massachusetts in 2020 and 2021. SouthCoast Wind revealed its plans to withdraw from its original contracts earlier this summer, saying in a filing with the Rhode Island Energy Facility Board that the project was n...

Will any of these wildly uneconomic offshore wind projects actually ever get built? Let’s hope not.

Amid a bruising stretch of project terminations and minimal competition, Massachusetts will attempt to reinvigorate the offshore wind industry by partnering with a pair of its neighbors.

FIN A N C IA L M A RKE TS UP D A TE Park City Wind PPA cancellation As promised in our last strategic plan in September 2022, we...

The hope is that by teaming up, the three states can leverage their collective buying power to encourage developers to propose larger and lower-cost wind farms.

Gov. Maura Healey announced Wednesday that leaders in Massachusetts, Rhode Island and Connecticut struck an agreement to solicit offshore wind power together, giving more flexibility to states and wind developers.

BOSTON Amid a bruising stretch of project terminations and minimal competition, Massachusetts will attempt to reinvigorate the offshore wind industry by partnering with a pair of its neighbors.