Offshore wind energy, which is key to realize the clean energy transition in several East Coast states, is faced with tough challenges as the COVID-19 pandemic disrupts the global supply chain, affecting project timelines. Delays have the potential to threaten power purchase contracts and federal tax credits that are crucial for project economics.
In the latest sign of the health and growth of the nation's nascent offshore wind industry, state commitments to procure supplies of the energy source rose to nearly 20 gigawatts this year, quadruple the amount of capacity from just two years ago. The burgeoning industry remains upbeat even as federal permitting delays to the nation’s first large-scale project raised concerns of regulatory roadblocks.
Competition among U.S. states eager to take the lead in the nation's still nascent offshore wind sector is fueling growth and bringing the industry to new highs. Turning these goals into reality will be no small feat, as the targets are several hundred times the current installed capacity. Still, this hasn’t dissuaded states from doubling down on offshore wind commitments.
U.S. wind power has more than tripled over the last decade, surpassing hydropower to become the nation's single-largest source of renewable capacity, and that's due in no small part to federal tax incentives. The industry is now poised to enjoy one last hurrah from the tax program as the expiration of the credits this year is setting in motion a rush to build about 11 gigawatts of new projects, accounting for the largest expansion of the sector since 2012.
The Maryland General Assembly approved a bill on April 8 that would raise the state’s renewable portfolio standard to 50 percent by 2030 from 25 percent by 2020. The measure would require a study to create a comprehensive plan to achieve a 100 percent goal by 2040. The legislation adds to the growing list of state-level…...
PJM Interconnection LLC on March 29 filed a proposal with the Federal Energy Regulatory Commission to revise its energy and reserve market rules to properly value the energy reserves that support grid reliability by providing the flexibility needed to accommodate the evolving resource mix. The grid operator said that the growing variability of power demand…...
The Massachusetts electric distribution companies Unitil Corp., National Grid plc, and Eversource Energy, and the state’s Department of Energy Resources proposed a timetable and procedure to solicit and execute long-term contracts for up to 800 megawatts of offshore wind power, according to a March 29 notice from the Department of Public Utilities. The companies are…...
The Missouri Public Service Commission on March 20 unanimously approved Clean Line Energy Partners LLC’s 780-mile Grain Belt Express transmission system designed to deliver 4,000 megawatts of wind power from Western Kansas to Missouri, Illinois, Indiana, and the neighboring states. The move follows a July 2018 ruling from the Missouri Supreme Court, which found that…...
Democratic Senator Chris Brooks introduced legislation on March 18 that would raise Nevada’s renewable portfolio standard to 50 percent by 2030 from the current level of 25 percent by 2025. The bill would also set a goal of achieving all of the state’s electricity from carbon-free resources by 2050. The legislation adds to the number…...
The U.S. added 31.3 gigawatts of generating capacity in 2018, the largest since the 2003 capacity addition of 48.8 gigawatts, according to a March 11 report from the Energy Information Administration. Natural gas accounted for 62 percent of utility-scale additions, while wind and solar photovoltaic represented 21 percent and 16 percent, respectively. Coal accounted for…...
The Missouri Public Service Commission approved an agreement allowing Ameren Missouri, a subsidiary of Ameren Corporation, to own and operate a 157-megawatt wind generation project to be built in Atchison County, according to a March 6 press release. The proposed Brickyard Hills Wind Facility, to be developed by EDF Renewables North America, is expected to come…...
The Oregon Public Utilities Commission on Feb. 19 opened a proceeding to examine the implementation of the federal Public Utilities Regulatory Policies Act, or PURPA, which requires utilities to purchase power from small independent electricity generators at the “avoided cost” or the cost the utility would spend to procure the electricity itself. The move stems…...
