Baker aide urges Avangrid to stay the course
""GOV. CHARLIE BAKER’S top energy aide urged the offshore wind developer Avangrid to abandon efforts to reopen its electricity contract with the state and abide by the existing terms.
Avangrid has asked the Department of Public Utilities for a one-month delay in approving the contract, saying the time is needed to work out new terms because the 1,200-megawatt Commonwealth Wind project is not viable without an adjustment in the electricity price.
The company, which has said its project has been rocked by inflation, interest rate hikes, and supply chain difficulties, is expected to file a brief on the issue with the DPU on Monday."Continue reading the article online
Avangrid refuses to budge on need for pricing changes
"THE DEPARTMENT OF PUBLIC UTILITIES was very clear a week ago, telling the state’s two leading offshore wind developers that they could either move forward with the pricing contracts they negotiated with the state’s utilities or withdraw from the proceedings and start over again.
Mayflower Wind quickly responded that it would honor the terms of its contract but also said it would seek to inform all parties of the cost challenges wind farm developers are facing because of the war in Ukraine, interest rate hikes, inflation, and supply chain disruptions.
Avangrid, the developer of the 1,200-megawatt Commonwealth Wind project, asked for more time to respond and then waited until the very last minute on Monday before filing a response that largely ignored the DPU’s order."Continue reading the article online
|CommonWealth Magazine: "Wind farm developer bucks DPU, pushes approach agency previously rejected"|
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