Renewables Briefing: Big Win for Cape Wind, Tata-BP Buyout, Bluewater Ends PPA
The Massachusetts Supreme Judicial Court has unanimously upheld the long term power purchase agreement between offshore wind farm Cape Wind and National Grid in two decisions. The Court reviewed the Massachusetts Department of Public Utilities decision to approve the PPA between Cape Wind and National Grid and found that certain provisions in the PPA such as the potential for the project to lower regional energy costs was in the public interest.
Tata Power is to buy out BP Alternative Energy Holdings’ remaining shares in the companies’ joint venture Tata BP Solar. Tata BP Solar and BP have entered into a technology agreement that affords the company access to certain BP technology until 2013. Formed in 1989, Tata BP Solar makes solar photovoltaic cells, solar modules, products and systems.
NRG Energy, the parent company of wind farm project Bluewater Wind, has terminated a power purchase agreement with Delmarva Power, according to reports. The agreement, signed in 1998, would have provided 200 MW of energy to DPL customers from the wind farm proposed for construction off the Delaware Coast. On December 16 Bluewater Wind announced that it had been unable to find an investment partner, reports CoastalPoint.com. Close to 300,000 customers of Delmarva Power will now be credited a share of a $2 million security posted by Bluewater Wind.
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