Vineyard Wind
Federal and state officials joined offshore wind developers in Boston to give the Environmental Business Council of New England an update on the industry.
The results of ISO-NE’s Forward Capacity Auction 13 became effective “by operation of law” because FERC was unable to muster a quorum.
New England renewable energy advocates are skeptical of federal officials’ claims to be acting in the public interest by delaying the Vineyard Wind project.
Avangrid reported second-quarter earnings of $110 million ($0.36/share), up slightly from $107 million ($0.35/share) in the same period in 2018.
Declining wind output drove down Avangrid’s first-quarter earnings by 11% compared to a year earlier, company officials said.
Four developers proposed offshore wind projects in response to a solicitation by the New York State Energy Research and Development Authority.
Vineyard Wind announced it has partnered with Anbaric Development Partners in proposing 1,200 MWs of offshore wind in response to a NYSERDA solicitation.
ISO-NE concluded Forward Capacity Auction 13, the 1st run under the CASPR rules, at the lowest clearing price in six years.
Vineyard Wind filed an emergency motion for FERC to stay ISO-NE’s 13th Forward Capacity Auction, claiming it “will suffer irreparable injury” if it is not afforded renewable technology resource status.
The offshore wind industry is poised for growth in the Northeast with expanding solicitations, falling prices and competitive auctions for new sites.
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