July 20, 2023 — Rhode Island Energy says it won’t move forward on a power-purchase agreement for a joint Ørsted and Eversource proposal to build a major offshore wind project in the waters off Rhode Island, in part because it would be too expensive for customers.
The utility made the announcement Tuesday. It found that the proposal, called Revolution Wind 2, didn’t meet all the requirements under state law, including a requirement “to reduce energy costs.”
“We recognize some will be disappointed that we didn’t choose to move forward on negotiating this PPA, but that doesn’t mean we are abandoning our commitment to offshore wind in Rhode Island,” Dave Bonenberger, president of Rhode Island Energy, said in announcing the decision Tuesday. “In fact, we are already in discussions with state and regional leaders about new opportunities to bring more offshore wind to the state, which we hope to progress in the coming months.”