Shocking price on US' first large-scale offshore wind farm

The contract for Copenhagen Infrastructure Partners and Avangrid's 800 MW offshore wind farm has been sent in for final approval – at approximately half the expected price.

by MAZ PLECHINGER

The US offshore wind industry is taking off amidst austerity. Copenhagen Infrastructure partners and Avangrid along with a series of distribution network operators have entered a 20-year contract with the US Commonwealth of Massachusetts, which has established that the "20-year average cost of the two long-term contracts’ is USD 84.23 per MWh in levelized nominal dollar terms", or the equivalent of USD 64.97/MWh at levelized net present value in 2017, informs the Massachusetts Department of Energy Resources (DOER) on Wednesday.

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