Published May 29, 2019 13:49 CEST Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.
A 20-year power purchase agreement (PPA) for 400 MW of the output of the planned Revolution Wind scheme off the coast of New England has been approved by the Rhode Island Public Utilities Commission. The project, which will total 700 MW, is a joint venture between Orsted, Eversource Energy and National Grid. Construction could begin in 2020, with completion expected by 2023. In addition to generating electricity, the project would also provide an estimated $450 million annually in tax revenue over its first 25 years. The project, initiated by Deepwater Wind, was subsequently sold to Orsted, which divested 50% to Eversource in February 2019.