Connecticut Utilities Buy 270 Megawatts of Wind and Solar Power

Connecticut utilities agreed to buy 270 megawatts of solar and wind energy as the state seeks to acquire at least one-fifth of its power from renewable sources by 2020.

Northeast Utilities’ Connecticut Light & Power and United Illuminating Co. agreed to buy electricity under long-term contracts from the 20-megawatt Fusion Solar Center in eastern Connecticut and the 250-megawatt Number Nine Wind Farm in Maine, according to a statement today. Terms of the deals weren’t disclosed.

The average cost of electricity from the two projects will be less than 8 cents a kilowatt hour, according to the statement. The two projects are expected to go into operation by the end of 2016.

The 270 megawatts are about 3.5 percent of Connecticut’s total energy load, according to the statement. The Public Utilities Regulatory Authority has 30 days to approve the agreements.

“These projects bring real benefits -- cleaner power with no air emissions and improved reliability by diversifying our energy portfolio -- all at a cost comparable to electricity generated from conventional power plants,” Governor Dannel Malloy said in the statement.

Before it's here, it's on the Bloomberg Terminal.
LEARN MORE