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National Grid To Buy Electricity from Cape Wind
December 3, 2009
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Boston, United States [RenewableEnergyWorld.com] Massachusetts Governor Deval Patrick this week announced that National Grid and Cape Wind have agreed to enter into negotiations for a long-term contract under which the utility would purchase the electricity generated by Cape Wind. The Power Purchase Agreement (PPA) is expected to be a critical requirement for financing the proposed offshore wind farm in Nantucket Sound. The PPA still has to go through state regulatory review.
If DPU gives approval to the process, National Grid and Cape Wind will enter into a mutually agreeable long-term contract and submit any final pact to DPU for review and approval.
“For both reducing greenhouse gas emissions and launching the offshore wind industry that will achieve those reductions, it is essential for Cape Wind, like offshore wind in general, to move from wishful thinking to reality,” Governor Patrick said. “A contract with an electric distribution utility like National Grid will move Cape Wind one step closer to reality.” “Today’s announcement is a demonstration of how the Patrick Administration’s vision and desire for a cleaner, more secure energy future will put Massachusetts at the forefront of the emerging offshore wind industry,” said Jim Gordon, president of Cape Wind. “We look forward to working with National Grid to deliver Cape Wind’s energy, economic and environmental benefits to the region.”
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The National Grid has done the math on Rhode Island's offshore wind project; and determined it "is uneconomic by a significant margin for Rhode Island customers for the entire term."
Why did N.Grid make an about face?
Proponents of Cape Wind, and their strong arm political network, intend to hide offshore wind energy excessive costs and net negative benefits to tax and ratepayers and the environment.
National Grid Again Rejects High Costs of Offshore Wind
National Grid for the second time has turned down a proposal from a Rhode Island offshore wind developer that wants to sell the electricity retailer energy from a yet-to-be-developed wind farm.
National Grid says the price to purchase renewable energy from New Jersey-based Deepwater Wind is too high, reports the Providence Journal. Deepwater is seeking to sell electricity to National Grid for 25.3 cents per kilowatt hour, compared to the 9.2 cents National Grid currently pays for buying power on the open market. Deepwater's price would increase by 3.5 percent annually.
The Rhode Island governor and other state officials have been pressuring National Grid to purchase wind power from the proposed $200 million project near Block Island.
http://www.environmentalleader.com/2009/11/20/national-grid-again-rejects-high-costs-of-offshore-wind/
Due to "great annoyance"
" Former Vice President Al Gore on Thursday abruptly canceled a Dec. 16 personal appearance that was to be staged during the United Nations' Climate Change Conference in Copenhagen, which begins next week."
http://www.washingtontimes.com/news/2009/dec/03/gore-cancels-personal-appearance-copenhagen/comme