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Developers see value in California offshore wind development

September 11, 2018 — Now that offshore wind energy has taken a strong position in New England’s future power planning, due in part to unexpectedly competitive prices, developers are looking toward new markets.

State mandates and contractual commitments promise to make offshore wind a key part of the East Coast power mix by the mid-2020s. But offshore wind is not limited to the east. A Sept. 17 meeting of a federal-state Energy Task Force could clear federal permitting obstacles, bring thousands of California coastal wind MWs into the market, and pioneer floating turbine technology.

Regulators are saying little ahead of the meeting but the Trump administration sees wind energy as “affordable and reliable,” Department of Energy (DOE) Office of Energy Efficiency and Renewable Energy (EERE) Chief of Staff Alex Fitzsimmons told Utility Dive. And because of its high capacity factors, offshore wind “has the potential to contribute to reliability,” he added. “It is a critical resource for the future.”

First, however, developers will need the rights to build. That remains in doubt until at least Sept. 17. If they get those rights, a three-step plan may allow California to bring prices down enough to begin harvesting wind, just when it will be needed the most.

Read the full story at Utility Drive

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