A win for vineyard wind – news – capecodtimes.com – hyannis, ma gas x dosage chewable

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After four months of review, the state’s electricity distributors — Eversource Energy, National Grid and Unitil — chose to buy 800 megawatts of offshore wind energy from Vineyard Wind, selecting it from a field of three competitors, state officials announced Wednesday.

The decision is part of a larger initiative by state leaders to reach a capacity of 1,600 megawatts of offshore wind energy by 2027, as called for in the Act to Promote Energy Diversity, signed in 2016 by Gov. Charlie Baker. A second procurement is planned to fulfill the total goal.

In December, Vineyard Wind and competitor Bay State Wind both submitted proposals to construct wind farms south of Martha’s Vineyard with either 400 megawatts or 800 megawatts of capacity, all on submerged land in federal waters. The third competitor, Deepwater Wind, submitted proposals for 200 megawatts and 400 megawatts, also in federal waters.

In addition to the announcement of Vineyard Wind’s winning bid by Baker, on Wednesday Rhode Island Gov. Gina Raimondo announced that Deepwater Wind was chosen to construct a 400-megawatt wind farm southwest of Martha’s Vineyard in collaboration with Massachusetts. That offshore wind farm is expected to be 10 times as large as the first one developed in the country off Block Island, which consists of five turbines installed by Deepwater Wind.

“New England is taking a giant leap forward with this historic commitment to 1,200 megawatts of offshore wind energy, and we’re proud that one-third of that clean energy will be built by the Deepwater Wind team for our home state of Rhode Island,” said Jeffrey Grybowski, chief executive officer for Deepwater Wind.

Vineyard Wind is a partnership between Oregon-based Avangrid Renewables and fund management company Copenhagen Infrastructure Partners of Denmark, while Deepwater Wind is primarily owned by an entity of D.E. Shaw Group, an investment and technology development firm. Bay State Wind, which was not awarded a contract on Wednesday, is a partnership between Denmark-based Orsted, which built the first offshore wind farm in the world in 1991, and Eversource Energy.

“We made a compelling offer to help the Commonwealth meet its ambitious clean energy goals while maintaining strong financial discipline,” Orsted North America president Thomas Brostrom and Lee Olivier, Eversource executive vice president of enterprise energy strategy and business development, said in a joint statement.

Included in Bay State Wind’s bid was a plan to bring energy from a wind farm south of the Vineyard to the mainland at the former Brayton Point facility in Somerset, which Brostrom and Olivier said is “one of the strongest connections in New England’s electrical grid.” Bay State Wind intends to continue its partnership and pursue future solicitations in New England and New York, they said.

The criteria used to evaluate the bids included an economic evaluation of the benefits for ratepayers, the project’s ability to foster employment and economic development in Massachusetts, the project’s environmental impacts, and the extent to which a project demonstrates that it avoids or mitigates effects on natural resources and tourism, according to the statement from the Massachusetts Executive Office of Energy and Environmental Affairs.

Stephens declined to give the rate Vineyard Wind offered in its bid, saying it was at the request of the utilities and the regulators, but said the company’s bid was a fixed price to help stabilize cost and avoid fluctuations in the energy market, where big spikes can occur. Vineyard Wind‘s plan to connect its offshore wind farm to the mainland at a substation on Cape Cod, where power reliability could be improved, likely was a factor in the decision, he said.

The company’s commitment of $15 million to help Massachusetts develop as a center for the nascent offshore wind industry in the U.S. was also likely a factor, as well as other planned initiatives to help local communities, including backup power sources, he said.

By the end of July, Vineyard Wind and the three electricity distributors must deliver a negotiated power purchase agreement to the state Department of Public Utilities. The effect of the project on electric rates is expected to be made public as part of that process.

Vineyard Wind executives hope to come to an agreement with the Yarmouth Board of Selectmen on the landing of a transmission cable along its preferred route through Lewis Bay, which some community members fear could cause environmental damage.