Clean Energy Finance Forum

Royal Dutch Shell Plc and EDP Renovaveis SA agreed to sell power from a wind farm they’re building in the Atlantic Ocean for a record-low price. The 804-megawatt Mayflower wind farm, located south of Martha’s Vineyard, will supply electricity to utilities in Massachusetts for $58 a megawatt-hour over the life of the contract.

The MI Power Grid program will focus on three areas: customer engagement, integrating emerging technologies and optimizing grid performance and investments. Business groups and one of the state's largest electric utilities, Consumers Energy, applauded the move.

The Department of Energy Resources released its report on "the necessity, benefits and costs" of pursuing an additional 1,600 megawatts of offshore wind power, which the Legislature last year authorized but did not mandate, and concluded that it would be a good bet for ratepayers, the environment and the economy.