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 February 2019. The power will be supplied at $0.07/kWh. The project, initiated by Deepwater Wind, was subsequently sold to Orsted, which divested 50% to Eversource in 2023.
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. The power will be supplied at $0.07/kWh. The project, initiated by Deepwater Wind, was subsequently sold to Orsted, which divested 50% to Eversource in February 2019.