The Governor of Rhode Island, Gina Raimondo, says electricity from the Revolution Wind offshore windfarm will cost 'much less than was expected.'
Announcing details of a contract for the 400-MW Revolution Wind offshore windfarm that was filed with the Rhode Island Public Utilities Commission (PUC), the governor said, “I’m pleased to announce that the proposed Revolution Wind offshore windfarm – which is more than 13 times the size of the Block Island project (for the time being the only offshore windfarm in the US), offers electricity at prices far lower than we anticipated.
“This is a triple-win for our state because it provides affordable, clean energy for Rhode Islanders, adds jobs to our economy, and dramatically reduces carbon emissions.”
The levelised price of electricity generated by the Revolution Wind project will be just over US$0.07 per kilowatt hour for 20 years, within US$0.01 of the proposed 800-MW Massachusetts Vineyard Wind project.
The contract between National Grid and offshore wind developer Ørsted US Offshore Wind will support development of a 400 MW windfarm. The project – originally developed by Providence-based Deepwater Wind – is expected to create more than 800 direct construction jobs and 50 permanent jobs for Rhode Islanders. Hundreds more jobs will be supported indirectly as the region’s burgeoning offshore wind industry takes off. The project is in federal waters south of the New England coast.
“We’re keeping our promise to Rhode Island to bring down the cost of offshore wind in a big way,” said Ørsted US Offshore Wind co-CEO Jeff Grybowski. “Revolution Wind will save ratepayers money and help Rhode Island make major progress on its clean energy goals. This is the start of an exciting next chapter for offshore wind in the state that pioneered this new US clean-tech industry.”
Once permits are in-hand, construction work on Revolution Wind could begin as early as 2020, with the project potentially in operation by 2023.
Over the next 120 days, the Public Utilities Commission will conduct a review of the proposed contract and its total energy, economic, and environmental benefits and costs to Rhode Island consumers.