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Politics : Formerly About Advanced Micro Devices

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Land Shark

To: Triffin who wrote (1100832)	11/20/2018 6:50:38 PM
From: Wharf Rat	1 Recommendation Read Replies (1) of 1584442

"The electricity produced from the two offshore turbines will receive 78 cents per kWh" Somebody got taken to the cleaners. August 2nd, 2018 The United States’ first large offshore wind farm, the 800 megawatt (MW) Vineyard Wind project, has scored pricing well below analyst expectations, starting at $74 per MW-hour (MWh) for the first phase of the project and an even more impressive $65/MWh for the project’s second phase.... The two phases will receive different pricing over their lifetimes. Phase 1 will produce power and renewable energy credits (REC) at 7.4 cents per kilowatt-hour (or $74/MWh), escalating at 2.5% per year over a 20-year period (thus topping out at $118.30/MWh). The second phase will provide clean energy and RECs beginning at $65/MWh with a similar 2.5% increase, making the 20-year average cost for the project $84.23/MWh. cleantechnica.com

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