“With a larger capacity available, a streamlined application process, additional flexibility on contract durations, and the potential for multi-state coordination, we believe this solicitation could provide greater economies of scale for developers,” said Dave Bonenberger , president of Rhode Island Energy.
“We’re providing more tools to help drive affordable offshore wind opportunities to our state and we look forward to seeing how it spurs innovation and competitive pricing from offshore wind developers.”
Rhode Island is home to the nation’s first offshore wind farm that sits in waters off Block Island .
Transmission upgrades are already underway for a second offshore wind project, said the utility. The 704 MW Revolution Wind wind farm, developed by Ørsted and Eversource , is planned to be operational in 2025.
A few months ago, Rhode Island Energy decided that it would not be moving forward on a long-term power purchase agreement (PPA) with Ørsted and Eversource for the Revolution Wind 2 offshore wind farm, due to affordability concerns.
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