SouthCoast Wind - Time To Bet Another Horse Massachusetts

by Frank Haggerty

yesterday

Massachusetts SouthCoast Wind - Time To Bet Another Horse 
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SouthCoast Wind agreed to pay over $60 million (specifically $60.4M) to Massachusetts utilities (Eversource, National Grid, Unitil) in August 2023 to terminate its original power purchase agreements (PPAs) for its large offshore wind project. SouthCoast backed out of signed contracts. 
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Since 2024, the Power Purchase Agreements have been extended over six times 
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New Truncated Letter Mass DPU 23-42 see link bottom
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"December 30, 2025"
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"Peter Ray, Secretary Department of Public Utilities One South Station, 3rd Floor Boston, MA 02110"
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"Re: Long-Term Contracts for Offshore Wind Energy Generation Pursuant to Section 83C of Chapter 169 of the Acts of 2008, as Amended – D.P.U. 23-42"
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"Dear Secretary Ray:"
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"On August 23, 2023, the Department of Public Utilities (“Department”) issued a final Order approving the proposed timetable and method for the fourth solicitation contained in a request for proposals (“RFP”) for offshore wind energy generation pursuant to Section 83C of the Green Communities Act, St. 2008, c.169, as amended by the Energy Diversity Act, and the Act Driving Clean Energy and Offshore Wind (“Section 83C”), subject to the directives of the Department. The RFP was proposed jointly by Massachusetts Department of Energy Resources (“DOER”), Fitchburg Gas and Electric Light Company, d/b/a Unitil, Massachusetts Electric Company and Nantucket Electric Company d/b/a National Grid, and NSTAR Electric Company d/b/a/ Eversource Energy (collectively, the “Evaluation Team”)"
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"The current Section 83C RFP schedule, as amended, anticipates that contract execution with two counterparties will occur by December 31, 2025. Due to ongoing uncertainty caused by federal level activities, the counterparties have not yet completed their contract negotiations and are now targeting the completion of negotiations and execution of contracts on or before June 30, 2026. The Evaluation Team is now targeting the filing of contracts with the Department on or before August 31, 2026. "
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