Massachusetts Offshore Wind Billion Dollar Blunder

SouthCoast Wind and Commonwealth Wind paid approximately $108 million in penalties to terminate their original 2022 Power Purchase Agreements. 
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Offshore wind power purchase agreements (PPAs) in Massachusetts are long-term contracts between electric distribution companies and offshore wind developers to buy electricity and Renewable Energy Certificates (RECs) at fixed, negotiated prices. 
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  1. August 14, 2024: The original target date
  2. November 7/8, 2024: First major extension
  3. January 15, 2025: Second postponement
  4. March 31, 2025: Third postponement
  5. June 30, 2025: Fourth postponement
  6. December 31, 2025: Fifth postponement
  7. June 30, 2026: Current target following the sixth postponement in December 2026
  8. ??
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Massachusetts has legally binding goals to achieve net-zero greenhouse gas emissions, with interim targets to reduce emissions by at least 50% by 2030. 
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The Massachusetts 2021 Climate Act establishes the 2030 target as a legal requirement. 
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The Massachusetts evaluation team for the 83C Round 4 solicitation (SouthCoast Wind and New England Wind 1) is targeting the completion of contract negotiations and execution of Power Purchase Agreements (PPAs) on or before June 30, 2026
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Massachusetts is unlikely to meet its 2022 original, ambitious offshore wind Power Purchase Agreement (PPA) goals by June 30, 2026

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Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT

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(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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