Massachusetts offshore wind project gets green light at roughly 8.9 cents/kWh

Wind turbines at sea.

Last May, Massachusetts chose companies representing a project called Vineyard Wind to negotiate long-term contracts for an 800 megawatt (MW) offshore wind project that would serve some 400,000 homes. This month, the state approved the negotiated contracts, clearing the way for Vineyard Wind to become the second (and the biggest) offshore wind farm in the United States.

The approval also included a promise from Vineyard Wind to invest $15 million to a fund that will “promote the use of battery storage in low-income communities” and “further the development of energy storage systems across the state.”

There’s a lot of untapped potential for offshore wind in the US. Currently, the nation only has one offshore wind farm: a 30MW site off of Rhode Island. But in places like Europe, offshore wind makes a significant contribution to energy generation, and the technology is maturing quickly there, with costs falling in tandem.

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Read the original at Ars Technica.