Daily Newsletter

05 October 2023

Daily Newsletter

05 October 2023

Three US states enter MoU to procure up to 6GW of offshore wind

Through the coordination, the states expect to reap the benefits of low cost and large scale in procuring offshore wind.

Surya Akella October 05 2023

Three New England states in the US – Massachusetts, Rhode Island and Connecticut – have signed a memorandum of understanding (MoU) to procure up to 6GW of offshore wind.

Considered to be the first of its kind in the country, the multi-state coordination MoU is expected to create a pathway for selecting offshore wind as each state solicits its selection through state procurements.

The MoU has been signed by the Massachusetts Department of Energy Resources, the Connecticut Department of Energy & Environmental Protection and the Rhode Island Office of Energy Resources.

With the MoU, the three states plan to seek multi-state offshore wind proposals. Their joint effort is expected to offer cost benefits through project developments at scale and those that are feasible.

Additionally, through their alliance, the states are looking to support environmental equity and create job opportunities.

The states plan to ask developers to submit multi-state offshore wind proposals by soliciting parties through their respective procurements to be selected next year.

The combined solicitations are expected to reach up to 6GW, but actual project selections could depend on the individual assessment of the proposals.

Any of the two or three states can select a multi-state proposal, which is limited by each state’s procurement authority, and can split the energy certificates from a single project.

Massachusetts Governor Maura Healey said: “The climate crisis requires us to act in new and innovative ways. Massachusetts is proud to join with our neighbouring states to continue to grow New England’s offshore wind industry.

“By working together, we can amplify the many benefits of offshore wind for all three states, including regional economic development opportunities, healthier communities, lower energy bills, and advantages to environmental justice populations and low-income ratepayers.”

Earlier this year, the three states issued request for proposals (RfPs) to procure offshore wind, including Massachusetts seeking up to 3.6GW. Connecticut issued a draft RfP for up to 1.2GW this July and Rhode Island is in the process of developing an offshore wind RfP, also for 1.2GW.

Nuclear Power dynamics in China

The Chinese government holds nuclear power to be a key instrument in achieving clean energy. During their 13th Five-Year Plan period from 2016 to 2020, China built 20 new nuclear power plants with a total capacity of 23.4 GW. In the current 14th Five Year Plan period the government has set targets to achieve 70GW of nuclear power capacity by 2025. The government has no plans to phase out or phase down nuclear power plants and there are over 17 nuclear power projects under construction.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close