Published on December 26th, 2018 | by Joshua S Hill0
Ørsted Receives 20-Year PPA Approval From Connecticut Regulators
December 26th, 2018 by Joshua S Hill
Ørsted US Offshore Wind announced last week that its 200 megawatt (MW) Revolution Wind offshore wind farm off the coast of Connecticut has received approval from State regulators for its 20-year Power Purchase Agreement (PPA) with two state utilities.
On December 20, Connecticut’s Public Utilities Regulatory Authority approved Ørsted’s long-term PPA with two state utilities — Eversource and United Illuminating — for 200 MW of electricity generated from the 600 MW Revolution Wind offshore wind farm, which consists of 400 MW to be delivered to Rhode Island and another 200 MW which will be delivered to Connecticut.
The project was awarded two separate contracts for the same Bureau of Ocean Energy Management (BOEM) lease site, located within Deepwater Wind’s northern Massachusetts-Rhode Island lease area. Since then, Deepwater Wind was acquired by Ørsted and renamed Ørsted US Offshore Wind, serving as the Danish energy giant’s US-based subsidiary.
Revolution Wind is expected to begin construction in 2022 and be operational in 2023, delivering enough electricity to power the equivalent of 100,000 Connecticut homes and displacing six million tons of greenhouse gas emissions.
“Connecticut is now an important player in America’s offshore wind industry,” said Jeffrey Grybowski, Co-CEO of Ørsted US Offshore Wind. “We’re proud to be building the state’s first offshore wind farm. We’re ready to make major investments in our local workforce and in the Port of New London to ramp up this project.”
Located approximately halfway between Montauk, New York, and Martha’s Vineyard, Massachusetts, Revolution Wind is expected to act as a regional energy center. This includes the 400 MW part of the project which will deliver electricity to Rhode Island, which was awarded the contract back in May.