Another offshore wind developer took a major step Tuesday toward scrapping its initial plans for an installation in waters off the coast of Martha’s Vineyard. SouthCoast Wind, whose pair of successful bids represented a combined 1,200 megawatts of anticipated offshore wind power, agreed to pay utility companies $60 million to terminate contracts the parties previously struck for the clean energy….
The installation would've gone towards the Healey administration's goal for more clean energy infrastructure throughout MassachusettsAnother offshore wind developer took a major step Tuesday toward scrapping its initial plans for an installation in waters off the coast of Martha's Vineyard.
The penalty would be divided into $32.4 million for Eversource, $27.3 million for National Grid and $591,000 for Unitil, according to contract amendments filed with the Department of Public Utilities. A massive field of offshore wind turbines is being built off Martha's Vineyard — and Mass. Gov. Charlie Baker is among nine governors calling for the federal government to prioritize wind energy development.
Like Commonwealth Wind, another developer whose termination agreement won approval from state regulators last week, SouthCoast Wind officials have signaled they plan to resubmit a bid for the project in the next state solicitation, hoping to secure a higher price for their project and its energy.
Danmark Seneste Nyt, Danmark Overskrifter
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