Vineyard Wind project energy costs less than from conventional sources

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VINEYARD WIND, the Massachusetts wind project to be built off the coast of Martha's Vineyard, will provide electricity at an average price of 6.5 cents per kilowatt hour in 2017 dollars over the course of a 20-year contract, significantly less than previous wind cost estimates or offerings. Above, the Block Island Wind Farm operated by Deepwater Wind, the first offshore wind farm in the United States. / COURTESY DEEPWATER
VINEYARD WIND, the Massachusetts wind project to be built off the coast of Martha's Vineyard, will provide electricity at an average price of 6.5 cents per kilowatt hour in 2017 dollars over the course of a 20-year contract, significantly less than previous wind cost estimates or offerings. Above, the Block Island Wind Farm operated by Deepwater Wind, the first offshore wind farm in the United States. / COURTESY DEEPWATER
PROVIDENCE – Earlier this month, the wholesale price of electricity (including renewable energy certificates) to be generated by the 800-megawatt Vineyard Wind project was revealed to be an average of 6.5 cents per kilowatt hour in constant 2017 dollars over the course of the 20-year contract for the project, lower than the standard average wholesale…

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