The Maryland Public Service Commission (PSC), in a May 11
decision, awarded offshore
wind renewable energy credits (OREC) to two projects to be built off
the coast of Maryland.
The decision will allow U.S. Wind and Skipjack Offshore
Energy to construct 368 MW of capacity.
“The approval today of the nation’s first large-scale
offshore wind projects bring to fruition the General Assembly’s efforts to
establish Maryland as a regional hub for this burgeoning industry,” Kevin
Hughes, PSC Chairman, said in a statement. “We have taken great care to ensure
that this decision maximizes economic and environmental benefits to the state
while minimizing costs to Maryland ratepayers.”
According to the PSC, each company will be awarded ORECs at
$131.93/MWh for 20 years, beginning in 2021 for U.S. Wind and 2023 for
Skipjack. The net ratepayer bill impacts associated with the PSC’s approval are
projected to be less than $1.40/month for residential customers when the
projects begin generating electricity.
“This is a monumental win for the economy and the
environment in Maryland,” David Smedick, Maryland Beyond Coal Campaign and
Policy Representative for the Sierra Club, said in a May 11 statement. “The
people have shown up and spoken out in support
of offshore wind and now it’s clear that the state is ready to move
forward too. We have been working to get offshore wind to Maryland for over
five years so this decision from the PSC is truly one of our biggest moments.”
The PSC said that U.S. Wind’s project is expected to be
operational in early 2020, while Skipjack’s project is expected to be
operational near the end of 2022.
According to the PSC’s order, the developers are required to
create a minimum of 4,977 direct jobs during development, construction and
operating phases of the projects.
U.S. Wind is developing a 248-MW project about 12 nautical
miles offshore. It will have 62 turbines and cost an estimated $1.4 Billion,
according to the PSC. SkipJack is developing a 120-MW project about 17 nautical
miles offshore. The project will have 15 turbines and cost an estimated $720
million, the PSC said.
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