Author Topic: Headwinds for Offshore Wind (Rhode Island’s RFP a sign of trouble)  (Read 182 times)

0 Members and 1 Guest are viewing this topic.

Offline rangerrebew

  • TBR Contributor
  • *****
  • Posts: 176,857
Headwinds for Offshore Wind (Rhode Island’s RFP a sign of trouble)
By Allen Brooks -- April 20, 2023

“Why was there only one bid in response to Rhode Island Energy’s RFP if offshore wind is desirable (politically) and key to decarbonizing our economy? Was it because inflation and high-interest rates caused developers to hesitate over whether they could earn a reasonable profit?”

Last October, Rhode Island Governor Dan McKee announced a request for proposals (RFP) for offshore wind procurement in compliance with a new law.  The law required the State’s primary utility company, Rhode Island Energy, to seek to contract up to 1,000 megawatts (MW) of new offshore wind generating capacity at market-competitive rates.

This offshore wind procurement has the potential to satisfy 30% of Rhode Island’s estimated 2030 electricity demand.  When added to the 30-MW Block Island Wind farm and the contracted 400-MW Revolution Offshore Wind 1 project, the state will have secured about half of its projected energy needs from offshore wind.

https://www.masterresource.org/offshore-windpower-issues/brooks-rhode-island-wind/
The unity of government which constitutes you one people is also now dear to you. It is justly so, for it is a main pillar in the edifice of your real independence, the support of your tranquility at home, your peace abroad; of your safety; of your prosperity; of that very liberty which you so highly prize. But as it is easy to foresee that, from different causes and from different quarters, much pains will be taken, many artifices employed to weaken in your minds the conviction of this truth.  George Washington - Farewell Address