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Massachusetts utilities file US-record offshore wind contracts at $65/MWh

August 2, 2018

The U.S. has ample offshore wind capacity — 2,000 GW, by The Brattle Group’s estimate — but until recently, high costs and the lack of robust policy support have kept the industry grounded.

The first U.S. offshore wind farm was commissioned in 2016, a 30 MW project off Rhode Island with a PPA price of $244/MWh. Maryland regulators approved two projects in May — a 248 MW U.S. Wind project expected to come online in 2020 and a 120 MW Deepwater Wind project expected to come online in 2022.

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