The utility-scale projects—the 800-MW, estimated $3-billion Vineyard Wind project off Massachusetts and the 132-MW, estimated $637-million South Fork project off New York—could begin to generate power this year, their developers say.
Massachusetts gains new proposals in third bid round for 1,600 MW of added capacity, while state's first project closes on $2.3B of construction finance and feds expand development off New York.
Plans to build an 800-MW offshore wind farm off the Massachusetts coast near Martha’s Vineyard advanced on Aug. 1 when developer Vineyard Wind announced power contract deals with three major state utilities that set a levelized price of 6.5¢ per kW/hr.
Utilities Unitil, National Grid and Eversource Energy on June 29 issued a request for proposals for 400 MW of Massachusetts offshore wind generation, but up to 800 MW will be allowed if the utilities can demonstrate significantly more economic benefit.
