Gov. Baker favors legislation that would remove price cap provisions for future offshore wind bids, and also put $750 million towards the state's clean energy industry
The Massachusetts legislature is considering a Baker administration proposal to significantly change the way the state invests in and regulates the growing offshore wind industry.— would put $750 million of federal relief money towards clean energy research and investment, and change the way electricity from offshore wind farms is priced., meaning new projects have to produce electricity below a certain cost.
"As we look to the next phase of our offshore wind strategy, this legislation would also ensure that Massachusetts remains on the leading edge of offshore wind policy in the U.S. ... while continuing to ensure that the pricing that's available saves ratepayers money," he said.State Sen.
"The cheapest solution, or the cheapest project that doesn't include storage, for example, is not always the smartest project," said Susannah Hatch, ELM's clean energy coalition director."So economic development is certainly part of this picture."
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