Renewables Now: Ørsted gets PPA greenlight for 700-MW Revolution Wind offshore project
January 2 (Renewables Now) - Ørsted A/S (CPH:ORSTED) has secured a total of 700 MW of offshore wind capacity from the Revolution Wind project in federal waters off Rhode Island and Massachusetts.
The Danish company, which in October 2017 acquired the project’s developer Deepwater Wind, said on Friday it has obtained regulatory nod in Connecticut to negotiate an off-take deal for an additional 100 MW of capacity, just after the state approved a 200-MW power purchase agreement (PPA) with local utilities Eversource and United Illuminating. The remaining 400 MW of the wind farm’s output will be sold to utilities in Rhode Island.
The scheme was selected in a competitive process by Connecticut’s Department of Energy and Environmental Protection to negotiate a fixed-price PPA with the state’s power distribution companies for 0.42 TWh of electricity annually or around 100 MW.
Thus, Ørsted said it will deploy the 700 MW under a single project, unlocking “significant procurement, construction and operational synergies.”
Subject to signing he PPAs and taking a final investment decision, the company intends to start installing the capacity in 2022 and targets commissioning a year later.
The Revolution Wind farm will be located on a federal lease site between Montauk, New York, and Martha’s Vineyard in Massachusetts, around 15 miles (24km) south of the Rhode Island coast.
The project was launched by Deepwater Wind with an initial capacity of 100 MW. It will be situated in proximity to Ørsted’s 130-MW South Fork wind farm off the Long Island coast, slated for completion by end-2022.
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