Australia's largest stock trading and investment forum Australia's #1 stock forum

Accelerate the World's Transition to Sustainable Energy - to fight Anthropogenic Climate Change, page-37628

First 37628 Last

Share
Profile

Follow
JACK

21,400 Posts.

14

31/08/24

13:47

Post #: 75469359
Share

Originally posted by birdman29 ↑

New York To Pay $155 Per Megawatt Hour For Wind-Power, Current Rate Is $36 Per MWH

SUNDAY, AUG 25, 2024 -

New York state signed a contract in June to buy electricity generated by two large wind farms, Empire Wind 1 and Sunrise Wind, off the coast of Long Island. The projects are expected to begin in 2026 and 2027, with power delivered to Brooklyn (Empire) and Long Island (Sunrise). The state will pay $155 and $146 per megawatt-hour, respectively. These prices are steep, at least four times the average grid cost paid over the past year.
States agree to pay wind-power operators—known as the “offtake price”—based on a project’s “break-even cost,” the estimated bill for building and operating the wind farm over its useful life. That is undoubtedly part of the problem. The offshore wind business off the East Coast is in turmoil. Operators have cancelled projects from Massachusetts to Maryland that were due to be constructed in the next four years. Some have been delayed, while others have renegotiated their contracts at prices 30% to 50% higher than originally promised.

LINK

Expand

Hey 1nut,

Can you run the numbers on this and back to me please,

I'm having trouble seeing where the free side of renewables comes from.

You remember don't you? the free renewable story.
6 Upvote

Reply

Top Stories

NMR

NMR picks up advanced gold projects in far north Queensland

EQN

Equinox unveils some of "world's highest" antimony grades at Alturas, Canada

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

ASX Market Open: Green Friday as markets digest Trump; China | 8 Nov 2024

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

AKN

AuKing Mining flags gold in rock chips on-site Saudi Shaib Marqan project

UBI

Universal Biosensors flat despite fresh deal with US medical product distributor

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Trump is President Again: What Does This Mean for Crypto?

MMI

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

First 37628 Last