Rhode Island Energy cancels plans for Revolution Wind 2 PPA

Bid determined to not fully meet state-mandated requirements; Company will continue to support expansion of offshore wind in Rhode Island.

Rhode Island Energy has decided that it will not be moving forward on a long-term power purchase agreement (PPA) with Orsted and Eversource for the companies’ joint offshore wind proposal, known as Revolution Wind 2. The decision comes after a thorough, four-month evaluation of the bid, which was completed in consultation with the Rhode Island Office of Energy Resources (OER) and the Division of Public Utilities and Carriers (Division). Rhode Island Energy said the proposal did not meet all the requirements as detailed in the Affordable Clean Energy Security (ACES) Act.     “We recognize some will be... ... More: Official Press Release Rhode Island Energy

Keywords:

Rhode Island Energy, electricity, PPA, energy, offshore, wind farm, USA, Rhode Island, Revolution Wind, bid, Orsted, Eversource, costs