Economic Impact & Financing

Offshore Wind Incentives for New Development Act Reintroduced

Source/Sponsor: 
Senators Edward J. Markey (MA) and Sheldon Whitehouse (RI), and Congressman Jim Langevin (RI)
Creator/Author: 
Senators Edward J. Markey (MA) and Sheldon Whitehouse (RI), and Congressman Jim Langevin (RI)
Description: 

The Offshore Wind Incentives for New Development (Offshore WIND) Act would extend the 30 percent Investment Tax Credit for offshore wind through 2025. The 2015 omnibus bill extended the Production Tax Credit (PTC) and Investment Tax Credit (ITC) for wind until 2019. But because of the longer planning and permitting times currently needed for offshore wind, the Department of Energy has found that no additional offshore wind projects are projected to be able to qualify for these tax credits before they expire.

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Publication Date: 
Thursday, May 11, 2017
Resource Type: 
Document

Massachusetts Utilities File Revised RFP for 400 MW of Offshore Wind Energy Generation

Source/Sponsor: 
Unitil, National Grid and Eversource Energy
Creator/Author: 
Keegan Werlin LLP
Description: 

Unitil, National Grid and Eversource Energy are seeking to procure a total of 400 MW of offshore wind energy generation. This solicitation also allows bidders to offer proposals for up to approximately 800 MW, and the companies will consider procuring up to approximately 800 MW if the Evaluation Team determines that a larger-scaled proposal is both superior to other proposals submitted in response to this RFP and is likely to produce significantly more economic net benefits to ratepayers based on the evaluation criteria set forth in this RFP. To support development of the offshore wind energy market, the companies are seeking proposals that include expandable, nondiscriminatory, open-access offshore transmission facilities for the efficient delivery of their power to the Onshore Transmission System.

This revised RFP addresses the definition of "Offshore Delivery Facilities" as well as spelling, grammar, and spacing issues.

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Publication Date: 
Friday, May 5, 2017
1 MB
Resource Type: 
Document

Massachusetts Utilities File Initial RFP for 400 MW of Offshore Wind Energy Generation

Source/Sponsor: 
Unitil, National Grid and Eversource Energy
Creator/Author: 
Keegan Werlin LLP
Description: 

Unitil, National Grid and Eversource Energy are seeking to procure a total of 400 MW of offshore wind energy generation. This solicitation also allows bidders to offer proposals for up to approximately 800 MW, and the companies will consider procuring up to approximately 800 MW if the Evaluation Team determines that a larger-scaled proposal is both superior to other proposals submitted in response to this RFP and is likely to produce significantly more economic net benefits to ratepayers based on the evaluation criteria set forth in this RFP. To support development of the offshore wind energy market, the companies are seeking proposals that include expandable, nondiscriminatory, open-access offshore transmission facilities for the efficient delivery of their power to the Onshore Transmission System.

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pdf
Publication Date: 
Friday, April 28, 2017
2 MB
Resource Type: 
Document

Maryland Energy Administration Offshore Wind Industry Grant Programs

Source/Sponsor: 
Maryland Energy Administration
Creator/Author: 
Maryland Energy Administration
Description: 

The Maryland Energy Administration (MEA) has announced two new grant programs specifically targeting the offshore wind industry. The programs are the Offshore Wind Business Development Grant Program and the Offshore Wind Workforce Development Grant Program. Maryland Energy Administration has allocated a combined $1 million for these programs which are open to emerging businesses, including minority emerging businesses, non-profits, and State, local, and municipal governments and their agencies / institutions.

Information about the Offshore Wind Business Development Grant Program can be found here.

Information about the Offshore Wind Workforce Development Grant Program can be found here.

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Publication Date: 
Thursday, April 20, 2017
47 KB
Resource Type: 
Document
State: 

Baker-Polito Administration Announces $700,000 in Funding for Offshore Wind Research Projects

Source/Sponsor: 
Massachusetts Clean Energy Center
Creator/Author: 
Catherine Williams
Description: 

The Baker-Polito Administration today announced $700,000 in funding for nine academic and research institutions across Massachusetts to advance studies relating to offshore wind development, building on the Commonwealth’s existing nation-leading offshore wind innovation activities. The funding will support three offshore wind research projects to identify industry workforce training and safety requirements; establish a multi-university partnership focused on innovation and driving down costs; and develop a new technique to monitor the structural health of wind blades. http://www.masscec.com/about-masscec/news/baker-polito-administration-announces-700000-funding-offshore-wind-research

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145 KB
Publication Date: 
Friday, August 26, 2016
Resource Type: 
Document
Multi-State:

Rhode Island Governor Gina Raimondo Letter to BOEM Regarding the NY Wind Energy Area

Source/Sponsor: 
State of Rhode Island
Creator/Author: 
Governor Gina Raimondo
Description: 

In this letter to BOEM, Rhode Island encourages BOEM to consider the Rhode Island model of stakeholder engagement and to engage with Rhode Island stakeholders as BOEM reviews NY wind energy area development plans. Development plans may impact RI commercial fishermen. Rhode Island qualifies as an "affected state" and should be eligible to participate in the interstate renewable energy task force for the NY wind energy area.

 

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3 MB
Publication Date: 
Thursday, March 2, 2017
Resource Type: 
Document
Multi-State:

Rhode Island Stakeholder Concerns Regarding the New York Wind Energy Area

Source/Sponsor: 
Rhode Island Department of Environmental Management
Creator/Author: 
Division of Fish and Wildlife, Marine Fisheries Section
Description: 

The New York Wind Energy Area location poses problems for Rhode Island commercial fishermen, impacing squid and sea scallop fisheries, according to RIDEM's analysis. This document summarizes Rhode Island stakeholders' concerns expressed at a public meeting on 18 May 2016.

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5 MB
Publication Date: 
Friday, July 22, 2016
Resource Type: 
Document
Multi-State:

Agreement for New Bedford Marine Commerce Terminal

Source/Sponsor: 
Massachusetts Clean Energy Center
Creator/Author: 
Massachusetts Clean Energy Center and Massachusetts Governor's Office
Description: 

A press release reported that: "The Baker-Polito Administration today signed a Letter of Intent with DONG Energy, Deepwater Wind and OffshoreMW to lease the New Bedford Marine Commerce Terminal as a staging and deployment location for future wind projects. The agreement with the developers, who hold leases in the federally identified offshore wind energy development areas located 14 miles south of Martha’s Vineyard, builds upon the Commonwealth’s commitment to a diverse energy portfolio and position as a national leader in offshore wind, and will strengthen the state’s clean energy economy." 

This document is on the Massachusetts Clean Energy Center website at http://www.masscec.com/about-masscec/news/baker-polito-administration-offshore-wind-developers-announce-agreement-new.

Publication Date: 
Tuesday, September 6, 2016
Resource Type: 
Document

Long Island Power Authority Approves 20-year Contract with Deepwater Wind

Source/Sponsor: 
Long Island Power Authority
Creator/Author: 
LIPA
Description: 

 

New York has given the go-ahead to what would be the nation's largest offshore wind farm, a 90 MW installation to be located 30 miles southeast of Montauk and out of sight of Long Island. The Long Island Power Authority (LIPA) this week approved a 20-year contract with Deepwater Wind's South Fork Wind Farm, specifying it would pay only for the energy and not construction or operation. Deepwater Wind has said construction on the wind farm could start by 2019 with the project in operation by 2022. http://bit.ly/2nNig4q

New York has given the go-ahead to what would be the nation's largest offshore wind farm, a 90 MW installation to be located 30 miles southeast of Montauk and out of sight of Long Island. The Long Island Power Authority (LIPA) this week approved a 20-year contract with Deepwater Wind's South Fork Wind Farm, specifying it would pay only for the energy and not construction or operation. Deepwater Wind has said construction on the wind farm could start by 2019 with the project in operation by 2022.

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125 KB
Publication Date: 
Wednesday, January 25, 2017
Resource Type: 
Document
State: 
Multi-State:

BOEM Contracts for Tourism Study on Block Island Wind Farm

Source/Sponsor: 
BOEM
Creator/Author: 
BOEM
Description: 
The U.S. Bureau of Ocean Energy Management (BOEM) has contracted the University of Rhode Island (URI) to document the effects of the Block Island Wind Farm on recreation and tourism in Rhode Island.
 
The intent of the project is to also provide:
  • The first available empirical data on the effects of a U.S. offshore wind farm on coastal recreation and tourism.
  • A suite of indicators that can be used to assess the potential effects of future offshore wind energy projects throughout the U.S.
  • A recommended subset of indicators that can be used to monitor the effects of the wind farm on Rhode Island’s recreation and tourism activities moving forward.

These three results will help BOEM plan for the installation and management of future offshore wind energy projects in federal waters. https://www.boem.gov/AT-16-x23/

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29 KB
Publication Date: 
Thursday, February 2, 2017
Resource Type: 
Document
State: 
Multi-State:

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