The agreed-upon price was the one needed to support Deepwater Wind’s return on investment and to attract investors. No consideration was given to a price that would benefit both Deepwater and the consumer. In fact, in none of my research on the government’s position did I see the needs of the consumer addressed. In short, a biased, thoughtless process of negotiating the Deepwater Wind contract left the consumer holding the bag with much of the company’s development costs and profit.
Library filed under Offshore Wind from Rhode Island
The Providence company emerged from the nation's first competitive sale of offshore renewable energy leases on Wednesday as the provisional winner, with bids of $3.7 million for the north section of the area, which is believed to be more suitable for development, and $94,000 for the south section.
I do not think that the Narragansett Town Council will permit Deepwater Wind to funnel electricity from its Block Island wind farm through Narragansett. ...With a new town council in place, President James Callaghan stated publicly: "When you think about it, this is not the best for the town when it goes through our most precious resource."
"The OSAMP [Ocean Special Area Management Plan] Subcommittee's [a CRMC subcommittee] vote to deny Intervenor status to the Plaintiffs in this contested case was a violation of the APA [Administrative Procedures Act], and beyond its legal authority, because ... Plaintiffs met the standard for intervention, and at the time of the vote CRMC was acting on incomplete and defective applications, and pursuant to a defective Public Notice."
A flood of unexpectedly cheap natural gas could put a damper on offshore winds' fresh enthusiasm. Electric utilities may find it cheaper and easier to enjoy cheap gas while they can and put off more costly investments in alternatives, at least in the near term. "There's some truth that the decline in gas prices has changed people's perception about the urgency of renewables."
Rodgers said Cape Wind has periodically met with other ports as the project has progressed, and he would not go into detail about the meeting. But he said among the topics they discussed was whether Quonset would be able to take on at least some of the work Cape Wind planned to do in New Bedford.