A Massachusetts Senate proposal to set aside funding for solar projects in low-income neighborhoods will do little to improve access without bigger changes to the state’s solar incentive program, advocates say.
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 federal Bureau of Ocean Energy Management said its review of the Vineyard Wind offshore wind project would be completed by June 12 and a final decision on the project issued by December 18 — 15 months later than originally projected.
A study by Texas Advanced Energy Business Alliance identified two ways distributed energy resources can reduce costs: act as non-wires alternatives to avoid investment in tranmission and distribution ($2.45 billion over ten years), and decrease peak energy costs in the wholesale market which is worth $3.01 billion.
Industrial giant General Electric is investing in wind power, hoping its offshore products can soon rival the might of its onshore sector. In Massachusetts this week, it received a 351-foot blade that will be part of the Haliade-X windmill, what it is calling the most powerful offshore wind turbine in the world. The blades will undergo fatigue tests over the coming months.
Last week as Texas’ ERCOT grid reached its price cap of $9,000 per megawatt-hour and the price map on ERCOT’s website became a solid and deep red, many energy market wonks highlighted that this is a feature, not a failure, of the market.