Articles filed under Offshore Wind from Connecticut
But now that many of the species have rebounded and government regulators are increasing the amounts of fish they can land, the fishermen face a new threat: offshore wind power projects. Fishermen such as Joe Gilbert, who owns four scallop and fishing boats based at the Town Dock, say their concerns are being ignored by federal officials who are in the process of leasing massive tracts of ocean bottom off the Northeast coast to wind power companies. Some of those tracts of bottom also happen to be areas where fishing boats land their catches and transit.
The project to accommodate the offshore wind farm of two rich utilities, one foreign, started at $93 million, zoomed up to $157 million this time last year and is now more than $200 million and rising, the governor suggested, in what was almost an aside in the conversation. The state has agreed to cover all the cost overruns, which seem to be exploding, even before bids have been opened.
The Spanish utility’s Avangrid Inc. won an auction to develop the 804-megawatt wind farm in a joint venture with Copenhagen Infrastructure Partners. They plan to use a turbine of at least 14 megawatts, larger than anything now available, said Jonathan Cole, Iberdrola’s head of offshore wind.
Stonington — Local fishermen say they've been waiting for months for Ørsted to respond to a host of concerns they've presented about a proposed 75-turbine wind farm about a dozen miles southwest of Martha's Vineyard.
The state and its offshore-wind-loving neighbors all face a year-end expiration of a federal tax credit that helps finance these projects – the first major attempts in the U.S. But in Connecticut some problems – including at least one self-inflicted one – could mean forgoing that money.
With little debate, the Senate unanimously approved legislation, already passed in the House, that requires 2,000 megawatts of offshore wind – that’s roughly the same size as Millstone – by 2030, about the time the nuclear plant’s recently approved new contract runs out. But the 2,000 level is a maximum, not a minimum – which is how other states structure their mandates.
On Dec. 28, then-Gov. Dannel Malloy and former Department of Energy and Environmental Protection Commissioner Robert Klee announced 100 megawatts from Revolution Wind as the sole offshore wind project. Two nuclear plants and nine solar projects were among the other successful bids.
The circular logic of REC market fundamentals would have low REC pricing jeopardizing future development. As renewable energy project profit margins get squeezed, fewer projects will be built and forward REC prices would rebound as forward supply tightens.The worry is that offshore wind projects could break this self-correcting market logic in the New England Power Pool (NEPOOL).