The Granite State Power Link has “bid” into an opportunity to commercialize (or pay for) the project via Massachusetts electric distribution companies through long-term contracts on July 27, 2017. This is a competitive process and GSPL will be measured against other projects. Therefore, it is imperative to showcase your support for GSPL to ensure it is selected.
This competitive project process was made available through Massachusetts state law (AN ACT TO PROMOTE ENERGY DIVERSITY (Ch. 188, the Acts of 2016)), directing the state’s electric distribution companies (EDCs) to jointly solicit proposals for “clean energy generation,” which it defined as either: (i) firm service hydroelectric generation from hydroelectric generation alone; (ii) new Class I renewable portfolio standard (RPS) eligible resources that are firmed up with firm service hydroelectric generation; or (iii) new Class I RPS eligible resources. The law gives preference to proposals that combine new Class I RPS eligible resources and firm hydroelectric generation and demonstrate a benefit to low-income ratepayers without adding to project cost. MA EDCs issued an RFP for Long-term Contracts for Clean Energy Projects.
EDCs must jointly enter into long-term contracts for an annual amount of “clean energy generation” equal to 9,450,000 MWh by December 31, 2022. Proposals received pursuant to each competitive solicitation for clean energy generation will be subject to review by the Massachusetts Department of Energy Resources (DOER) and all proposed long-term contracts must be approved by the Massachusetts Department of Public Utilities (DPU) before they are entered into by the EDCs.
Bids were submitted on July 27, 2017, with winning bidders to be announced January 25, 2018.
To view more about the solicitation or the various project submissions, please visit macleanenergy.com and click on “83D”.