Rhode Island Energy has released a request for proposals (RfP) for 1.2 GW of offshore wind projects in line with the state’s initiatives to bring in more green power and reach its renewable energy targets. The round’s proposals will be completed by the end of January 2024, and the finalists will be revealed in the summer of 2024 as well.
Reportedly, projects that succeed will be given long-term power purchase agreements (PPAs) for energy and renewable energy certificates (RECs) from Rhode Island Energy. Furthermore, the RfP follows a deal between Massachusetts, Rhode Island, and Connecticut to jointly solicit applications for up to 6 GW of offshore wind capacity for selection in 2024 through the respective state purchases.
Earlier this month, Massachusetts, Rhode Island, and Connecticut, signed a MoU to purchase up to 6 GW of offshore wind. The Massachusetts Department of Energy Resources, the Connecticut Department of Energy and Environmental Protection, and the Rhode Island Office of Energy Resources all signed the MoU.
REGlobal’s Views: The U.S. offshore wind energy target was set in March 2021 for 30 GW by 2030. The country has witnessed various auctions and project announcements in the past few months to enable this capacity addition.