(The Center Square) — Rhode Island’s largest utility will seek another proposal for offshore wind power two months after rejecting a similar clean energy project over cost concerns.
Gov. Dan McKee announced on Thursday that Rhode Island Energy will be issuing a new request for proposals to develop 1,200 megawatts of new offshore wind to help power the state’s clean energy mandates.
Ratepayers would also be forced to dig deeper into their pockets to pay for the proposal. An analysis of financing options submitted by Rhode Island Energy to the state Public Utilities Commission with its procurement request estimated net costs to ratepayers from $1.8 billion to $2.3 billion over a 20-year contract.
In New Jersey, the Danish company behind the state’s first offshore wind project announced last week that it is delaying construction until 2026 and could abandon the project unless it’s determined to be financially feasible.
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