January 22, 2025 — Gov. Dan McKee’s newly unveiled fiscal 2026 budget touts Rhode Island as a “key player” in the offshore wind sector, citing the state’s intent to buy 200 megawatts of wind-powered electricity from a wind farm planned off the coast of Martha’s Vineyard.
But Rhode Island’s utility company hasn’t actually inked the deal with the SouthCoast Wind developers. In fact, the deadline to sign the contract has been pushed back again, with negotiations between Rhode Island Energy and the wind project developer now expected to wrap up by March 31, according to an updated timeline posted on the state’s offshore wind procurement website.
When Rhode Island Energy unveiled its tentative power purchase agreement with SouthCoast Wind developers in September, it pegged Dec. 31 as the deadline to seal the deal. Then, the deadline was moved to Jan. 15.
On Thursday, Jan. 16, Rhode Island Energy again announced a delay in the contract signing.
“The revised schedule aligns with the negotiations SouthCoast Wind is concurrently having with the Massachusetts electric distribution companies,” the company stated in a post on the wind procurement website.