October 31 (Renewables Now) - Shell New Energies US LLC and EDPR Offshore North America LLC (EDPR), through their joint venture Mayflower Wind Energy LLC, was selected with an 804-MW proposal in Massachusetts’ second offshore wind solicitation.
The proposed wind farm will be installed around 20 miles (32.2 km) south of Nantucket, generating electricity at long-term prices below the original price cap of USD 84.23 (EUR 75.47) per MWh, Mayflower Wind said on Wednesday.
With expected commissioning in 2025, the wind farm will have an output that will be enough to supply around 500,000 homes per year. According to the developer’s estimates, the project will lead to USD 3.7 billion in electricity rate reduction over the term of the power purchase agreement (PPA) with the Commonwealth’s Electric Distribution Companies.
“Development of the Mayflower Wind project will contribute to the building of an offshore supply chain on the South Coast and across the Commonwealth, helping to launch a new clean, safe and innovative sector of our economy,” said Mayflower Wind’s president John Hartnett.
Mayflower Wind’s project was selected as part of the state’s second Request for Proposals (RfP) for offshore wind projects. Its rivals in the competition were Bay State Wind, a JV equally owned by Danish energy major Ørsted A/S (CPH:ORSTED) and New England utility Eversource Energy (NYSE:ES), and Vineyard Wind LLC, the 50/50 partnership between Copenhagen Infrastructure Partners (CIP) and Avangrid Renewables LLC. All companies took part with several offers.
Massachusetts’ first offshore wind solicitation was won by Vineyard Wind, which was awarded an 800-MW project at USD 65 per MWh at 2017 rates.
(USD 1.0 = EUR 0.896)