Eastern U.S. states are jockeying to claim the mantle of leadership of the nation's still-budding offshore wind industry, eyeing major infrastructure upgrades and workforce training to meet procurement targets and capture the billions-of-dollars in investments promised by the clean, abundant and largely untapped coastal wind resources.
Scout Clean Energy LLC, a Colorado-based renewable energy developer, announced the closing of financing and the launch of construction of its 300-megawatt Ranchero wind park in Texas, according to a Jan. 17 press release. The project has a 10-year proxy revenue swap, or PRS, with Allianz Global & Specialty Inc.’s Alternative Risk Transfer unit, in…...
The New York State Board on Electric Generation announced hearings to receive comments on Bluestone Wind LLC’s proposal to construct a 124-megawatt wind energy project in the towns of Windsor and Sanford, Broome County. The move follows the board’s determination that the company’s Article 10 application is complete. The decision-making process under Article 10, adopted…...
The Michigan Public Service Commission on Jan. 18 approved DTE Electric Co.’s voluntary green pricing program tailored for large customers who choose to meet a portion of their electricity needs from renewable energy resources. The company said that the program will commence once the renewable energy projects required to support the program are in commercial operation…...
Democratic Governor Andrew Cuomo on Jan. 17 announced new goals as part of the state’s “Green New Deal” to achieve 100 percent carbon-free electricity by 2040. The initiative, outlined in Cuomo’s 2019 policy agenda, calls for an offshore wind target of 9 gigawatts by 2035, up from 2.4 gigawatts by 2030, adding to the combined…...
Southwestern Electric Power Company, a subsidiary of American Electric Power Company Inc., issued a request for proposals for 1.2 gigawatts of wind energy that would come online by Dec. 15, 2021, according to a Jan. 9 filing with the Louisiana Public Service Commission. The move comes six months after the company scrapped a $4.5-billion wind…...
Republican Governor Christopher Sununu wrote a letter requesting the U.S. Bureau of Ocean Energy Management establish an intergovernmental offshore renewable energy task force for the state, according to a Jan. 7 press release. Sununu said that the measure would facilitate coordination between federal, state and local governments on commercial leasing proposals. If the request is…...
Democratic Governor Ralph Northam on Dec. 27 unveiled a report providing a roadmap for Virginia to develop a supply chain to serve offshore wind projects planned along the East Coast. The report examines Virginia’s strategic role in the emerging industry, highlighting that the state is well-positioned to serve as a supply chain hub thanks to…...
The Federal Energy Regulatory Commission on Dec. 31 authorized NJR Clean Energy Ventures II Corporation to sell its interests in four wind energy projects totaling 117 megawatts to SRIV Partnership LLC. NJR Clean Energy said that the $208.5 million transaction completes the sale of all its operating wind facilities. In June, the company sold a…...
The Minnesota Public Utilities Commission authorized Minnesota Power’s 20-year power purchase agreement with Tenaska Inc. for 250 megawatts of wind-generated power, according to a Dec. 20 press release. The energy would be supplied by the proposed Nobles 2 facility in Nobles County along Buffalo Ridge expected to come online in October 2020. The contract, which…...
The New Jersey Board of Public Utilities adopted a proposed rule establishing offshore wind renewable energy certificates or ORECs detailing a process to fund the state’s offshore wind program and flow back revenue to ratepayers, according to a Dec. 18 press release. The industry has gained momentum under Democratic Governor Phil Murphy who seeks to…...
The New York Public Service Commission on Dec. 14 approved phase III of the New York State Energy Research and Development Authority’s plan to implement the Clean Energy Standard or CES, adopted in August 2016, to achieve the state’s goal of obtaining half its electricity from renewable resources by 2030. The program includes a renewable…...
