Business & Regulatory TREND. Anatomy of 4 Offshore Wind Projects

• Rhode Island
  • 2016 regulatory approval
  • PPA price of $244/MWh
• 2 Maryland regualtors have approved 2 offshore wind projects
  • 248 MW U.S. Wind project expected to come online in 2020
  • 120 MW Deepwater Wind project expected to come online in 2022
• Massachusetts regulators are considering a Martha’s Vineyard project this year
  • utilities would pay $74/MWh for the first phase of the project
  • utilities would pay $65/MWh for the second phase
  • capacity market value of the plant may be between $5/MWh and $10/MWh

Utility Dive | Massachusetts utilities file US-record offshore wind contracts at $65/MWh