C&I

Yesterday, National Grid, through its competitive non-regulated unit National Grid Ventures (NGV), completed its $100 million acquisition of Geronimo Energy - a wind and solar developer in North America. The deal, which was announced on March 7th, 2019, has now satisfied all regulatory requirements and closing conditions.
Offshore

China’s National Development and Reform Commission (the NDRC) issued a Circular on Policies of Improving the Electricity Price for On-Grid Wind Power (the Circular) at the end of May 2019. According to the Circular, the price of electricity from offshore wind power projects is cut to 0.8 yuan per kWh [US $0.12 per kWh] in 2019 and will further drop to 0.75 yuan [US $0.11] per kWh in 2020.
O&M

Last week, the New Jersey Board of Public Utilities announced it selected Ocean Wind, an offshore wind energy project proposed by Ørsted with support from PSEG, to develop an 1,100 MW offshore wind farm. Ocean Wind will be located 15 miles off the coast of Atlantic City. Construction is expected to commence in the early 2020s, with the wind farm operational in 2024.