America's First Large Offshore Wind Farm to Offer $1.4B in Savings
Renewable energy is truly getting cheaper every day. The 800-megawatt wind farm Vineyard Wind project, the first large-scale offshore wind farm in the U.S., has offered a total levelized price of $65 per megawatt-hour (MWh)—a record low.
The planned wind farm, located 15 mies south of Martha's Vineyard, will be jointly developed by Avangrid Inc. and Copenhagen Infrastructure Partners. Their contract was filed Wednesday with the Massachusetts Department of Public Utilities.
In all, Massachusetts electricity users will save about $1.4 billion over the 20-year duration of the contract, Bloomberg reported.
Energy expert Peter Kelly-Detwiler tweeted that the $65/MWh figure was "astonishing." To put that price into context, he went on, the next record-low price for offshore wind was Maryland's recent $131.9/MWh offer. Rhode Island's Block Island wind farm is set at $244/MWh. Kriegers Flak, a proposed offshore wind farm in the Baltic Sea, will cost $73/MWh.
https://t.co/FiEa0gcqdV $65/MWh is the price from offshore Vineyard Wind project. That is astonishing. By way of c… https://t.co/3WZ6ipt6yK— Peter Kelly-Detwiler (@Peter Kelly-Detwiler)1533204140.0
Bloomberg reported that Vineyard Wind's bid is lower than the wind industry expected.
"That's pretty shocking for us," explained Tom Harries, a wind analyst at Bloomberg NEF. "I think the wider industry expected much higher prices. The repercussions of this are it will probably awaken a lot of other coastal states to the value of offshore wind."
As CommonWealth Magazine noted, while the price is above the average wholesale price of electricity in New England of $34/MWh, wind energy has a host of environmental benefits.
Wind power could also offer public health benefits, especially areas that are heavily reliant on polluting fossil fuels to generate electricity.
Lars Thaaning Pedersen, CEO of Vineyard Wind, said in a press release that the "historic filing represents the start of an industry, one that will assure access to abundant clean energy resources for decades to come."
He said that Vineyard Wind was "able to offer an attractive price to the benefit of consumers" thanks to Federal tax credits and a long-term power-purchase agreement.
Massachusetts has set ambitious goals to reduce greenhouse gas emissions to combat climate change. In August 2016, Gov. Charlie Baker signed a law requiring utilities to competitively solicit and contract for approximately 1,600 megawatts of offshore wind.
"By positioning Massachusetts as a hub for the emerging offshore wind industry, this competitive procurement will ensure the Commonwealth continues to lead the nation in innovation and renewable energy generation," Gov. Baker stated the Vineyard Wind project was selecting in May.
The project is on track to start in-state construction in 2019 with a goal of entering operation by 2021.
World's First Offshore Wind Battery Installed at Floating Farm https://t.co/TtZLrQP7pP @Siemens_Energy @ClimateReality— EcoWatch (@EcoWatch)1530236706.0
People across New England witnessed a dramatic celestial event Sunday night.
EcoWatch Daily Newsletter
By David Reichmuth
Over the last month, I've seen a number of opinion articles attacking electric vehicles (EVs). Sadly, this comes as no surprise: now that the Biden administration is introducing federal policies to accelerate the roll out of electric vehicles, we were bound to see a reaction from those that oppose reducing climate changing emissions and petroleum use.
The majority of EVs sold in 2020 were models with a starting price (Manufacturers Suggested Retail Price) under $40,000 and only a fifth of models had a starting price over $60,000.
On Friday, China set out an economic blueprint for the next five years, which was expected to substantiate the goal set out last fall by President Xi Jinping for the country to reach net-zero emissions before 2060 and hit peak emissions by 2030.
The Great Trail in Canada is recognized as the world's longest recreational trail for hiking, biking, and cross-country skiing. Created by the Trans Canada Trail (TCT) and various partners, The Great Trail consists of a series of smaller, interconnected routes that stretch from St. John's to Vancouver and even into the Yukon and Northwest Territories. It took nearly 25 years to connect the 27,000 kilometers of greenway in ways that were safe and accessible to hikers. Now, thanks to a new partnership with the Canadian Paralympic Committee and AccessNow, the TCT is increasing accessibility throughout The Great Trail for people with disabilities.
Trans Canada Trail and AccessNow partnership for AccessOutdoors / Trails for All project. Mapping day at Stanley Park Seawall in Vancouver, British Columbia with Richard Peter. Alexa Fernando<p>This partnership also comes at a time when access to outdoor recreation is more important to Canadian citizens than ever. <a href="https://www150.statcan.gc.ca/n1/daily-quotidien/200527/dq200527b-eng.htm" target="_blank" rel="noopener noreferrer">Studies from the spring of 2020</a> indicate that Canadian's <a href="https://www.bnnbloomberg.ca/moneytalk-mental-health-during-covid-19-1.1567633" target="_blank" rel="noopener noreferrer">mental health has worsened</a> since the onset of social distancing protocols due to COVID-19. </p><p>The <a href="https://www.mayoclinic.org/diseases-conditions/coronavirus/in-depth/safe-activities-during-covid19/art-20489385" target="_blank" rel="noopener noreferrer">Mayo Clinic</a> lists hiking, biking, and skiing as safe activities during COVID-19. Their website explains, "When you're outside, fresh air is constantly moving, dispersing these droplets. So you're less likely to breathe in enough of the respiratory droplets containing the virus that causes COVID-19 to become infected."</p><p>TCT leadership took this into consideration when embarking on the accessibility project. McMahon explains that there has never been a more important time to bring accessibility to the great outdoors: "Canadians have told us that during these difficult times, they value access to natural spaces to stay active, take care of their mental health, and socially connect with others while respecting physical distancing and public health directives. This partnership is incredibly important especially now as trails have become a lifeline for Canadians."</p><p>Together, these organizations are paving the way for better physical and mental health among all Canadians. To learn more about the TCT's mission and initiatives, check out their <a href="https://thegreattrail.ca/stories/" target="_blank">trail stories</a> and <a href="https://thegreattrail.ca/wp-content/uploads/2021/01/TCT_2020-Donor-Impact-Report_EN_8.5x14-web.pdf" target="_blank">2020 Impact Report</a>.</p>