Sunday, February 27, 2011

Cape Wind left out of Mass. deals

Though the prices on the recent deals weren't disclosed, a 10-year deal NStar has with TransCanada to buy power from a Maine wind farm is a flat 10.5 cents per kilowatt-hour.

The three new contracts represent about 1.6 percent of NStar's demand, and the utility is required to secure 3 percent of its electricity demand through long-term contracts with renewable-power producers by mid-2014. The company will be trying to secure more deals to meet that requirement in the coming years, Allen said.

According to court filings, the roughly 29-megawatt Hoosac project, in Monroe, Mass., and Florida, Mass., is set to be running by July 2012, the 32-megawatt Blue Sky East wind farm in Eastbrook, Maine, is scheduled to be operating by May 2012, and the 48-megawatt Groton project in Groton, N.H., is scheduled to be operating by December 2012.

The Blue Sky deal is for 15 years, while other two are both for 10. All are fixed-priced deals, meaning the price per kilowatt-hour won't increase over time. The Hoosac and Groton projects are owned by the Spanish power utility Iberdrola SA. Blue Sky is owned by Boston-based First Wind.

Cape Wind, which hopes to begin generating power by 2013, is by far the state's largest offshore wind and renewable-power project and has been repeatedly touted by officials as a cornerstone of its emerging renewable-energy industry.

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