Shell, EDP Set Record-Low Price for U.S. Offshore Wind Power
- Project in the Atlantic will sell electricity to Massachusetts
- Oil giant building 800-megawatt project with EDP Renewables
Electric energy generating wind turbines are seen on a wind farm in the San Gorgonio Pass area on April 22, 2016, near Palm Springs, California
Photographer: DAVID MCNEW/AFPThis article is for subscribers only.
Royal Dutch Shell Plc and EDP Renovaveis SA agreed to sell power from a wind farm they’re building in the Atlantic Ocean for a record-low price.
The 804-megawatt Mayflower wind farm, located south of Martha’s Vineyard, will supply electricity to utilities in Massachusetts for $58 a megawatt-hour over the life of the contract. That’s less than a previous deal for $65 agreed to with the similarly located 800-megawatt Vineyard Wind project, state energy officials said on a conference call Tuesday.