Mass utilities file US-record offshore contracts at $65/MWh

Massachusetts electric utilities on Tuesday filed long-term contracts with state regulators to purchase 800 MW of offshore wind energy at $65/MWh, about half the price of the most recent offshore wind contracts signed in the U.S. The group of utilities would pay the U.S.-record price for the energy and renewable energy credits (RECs) generated by the wind plant off Martha’s Vineyard, while the project’s owners will retain any capacity market payments. The most recent wind contract signed by a U.S. utility was in Maryland with a contract price of $132/MWh.​

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Source: Utility Dive

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