Eversource reported it's moving closer to the sale of its share of an offshore wind joint venture, and has substantially completed negotiations with a potential buyer.
The American Council for an Energy-Efficient Economy's 2023 scorecard for utilities revealed that many utilities are not prioritizing energy efficiency as they focus on decarbonization and resiliency.
Eversource and National Grid expect their annual peak electricity load in Massachusetts to more than double by 2050.
Eversource announced an after-tax impairment charge of $331 million related to the sale of its offshore wind assets in its quarterly earnings call.
Avangrid and three utilities reached $48 million deal to end the PPAs for the Commonwealth Wind project.
Rhode Island Energy explained that the power purchase agreement proposed would be too expensive for consumers, vows to continue efforts to bring offshore wind to state.
At Infocast’s Transmission & Interconnection Summit, experts said interconnection requests continue to grow and grid operators have tried to keep pace.
1,500- and 3,200-ton substations for offshore wind projects are being sailed from Texas and Denmark, respectively, for the New England coast.
Massachusetts lawmakers and climate advocates held a legislative briefing on a set of bills looking to spur the decarbonization of the state’s heating sector.
Ørsted, the largest OSW developer in the world, reported that earnings from its offshore wind business hit an all-time high in the first quarter of 2023.
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