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New York Issues Offshore Wind Solicitation

LCG, November 9, 2018--The Governor of New York yesterday announced a solicitation for 800 MW or more of new offshore wind projects to supply renewable energy to New York to combat climate change. The New York State Energy Research and Development Authority (NYSERDA) issued the Request for Proposals (RFP), which is the first key step in New York's plan to install 2,400 MW of offshore wind projects by 2030.

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Xcel Energy to Acquire Mankato Energy Center from Southern Power

LCG, November 8, 2018--Xcel Energy and Southern Power, a subsidiary of Southern Company, earlier this week announced an agreement for Southern Power to sell the Mankato Energy Center to Xcel Energy for $650 million. The completion of the sale, subject to regulatory approval and other closing conditions, is expected to be mid-2019.

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Industry News

Massachusetts Poised to Target More Offshore Wind

LCG, August 2, 2018--The Massachusetts Legislature approved H4857, An Act to Advance Clean Energy, on Tuesday that includes: an increase in the Massachusetts Renewable Portfolio Standards (RPS) goals to 35 percent by 2030, a 1,000 MW energy storage goal by 2025, and a path to install an additional 1,600 MW of offshore wind capacity. With the current goal of installing 1,600 MW of offshore wind capacity, the total offshore wind capacity would be 3,200 MW. The legislation will now be received by the Governor of Massachusetts.

The bill calls for the state's Department of Energy Resources (DOER) to "investigate the necessity, benefits and costs of requiring distribution companies" to jointly and competitively conduct additional offshore wind generation solicitations and procurements of up to approximately 1,600 MW of aggregate capacity by 31 December, 2035.

Massachusetts's electric distribution companies (EDCs) and the DOER earlier this year selected the 800 MW Vineyard Wind project as one step toward achieving the initial goal of adding 1,600 MW of offshore capacity. Yesterday, the DOER requested approval of the long-term contracts for the Vineyard Wind project filed by the EDCs.
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