Vineyard Off-Shore Wind Prices
The pricing contract of the 800 MW off-shore Vineyard Wind :
Phase 1 = 400MW
Phase 2 = 400 MW
"The price for energy and RECs in the Phase 1 of the long-term contracts begins at $74 per MWh (nominal $), and the price for energy and RECs in the Phase 2 long-term contracts begins at $65 per MWh (nominal $). Each longterm contract has a 20-year term, starting at the COD of the relevant project, and the prices described above escalate by 2.5 percent each year of that term which starts in 2022 and runs until 2043. The 20-year average cost of the two long-term contracts’ is $84.23 per MWh in levelized nominal dollar terms. This is equivalent to a levelized net present value price in 2017 dollars of $64.97 per MWh. "
http://www.crmc.ri.gov/windenergy/vineyardwind/VW_ProposedLayout_20...
Views: 181
Comment
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Comment by Dan McKay on November 30, 2018 at 7:22am
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Good point, Art. Anything that stops the madness of wind in Maine at this point in time is ok with me. One more year and the PTC expires and wind development ends. Then, maybe, a course change in energy policy might move forward.
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Comment by Art Brigades on November 29, 2018 at 9:24pm
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Dilemma: If those fools in Rhode Island choose to buy that crap, and it only slightly impacts Maine ratepayers, why would we object to their jumping that shark. Especially if it means they stop peppering our hills with the useless pinwheels?
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Willem Post, this project at any contracted price is a loser. The very generation source this project is supposed to displace will be needed to compensate for it's intermittent nature at extreme costs as uncertainty of operation and fuel supplies prevails.
I wanted to point out the prices to contrast with the prices of the Aqua Ventus offshore wind project in Maine which is presently an open case at the Public Utilities Commission.
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Comment by Willem Post on November 29, 2018 at 2:19pm
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1.025 to the power 20 is 1.64
That means in NOMINAL dollars, the phase 1 price in year 20 will be 1.64 x 74 = $121/MWh, or 12.1 c/kWh.
How to lie by levelizing
The cabling will be landing on Martha's Vineyard, from there via land or water, to mainland and to the reinforced grid. All those costs, many millions per mile, will be NOT be by wind turbine owners, but by JOE BLOW the ratepayer.
Maine as Third World Country:
CMP Transmission Rate Skyrockets 19.6% Due to Wind Power
Click here to read how the Maine ratepayer has been sold down the river by the Angus King cabal.
Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT
******** IF LINKS BELOW DON'T WORK, GOOGLE THEM*********
(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/
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Hannah Pingree on the Maine expedited wind law
Hannah Pingree - Director of Maine's Office of Innovation and the Future
"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."
https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/
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