Power prices may drop for 2007
TORONTO, ONTARIO - The Independent Electricity System Operator says Ontario customers will pay less for electricity next year as a result of changes it is proposing.
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When will the US get 1 GW of offshore wind on the grid?
WASHINGTON - Offshore wind in the U.S. will exceed 1 GW of capacity by 2024 and add more than 1 GW annually by 2027, according to a report released last week by Navigant Research.
The report calculated over 17 GW of offshore state and federal leases for wind production. However, the owners of those leases have only announced first phase plans for 1,870 MW of capacity, leaving much of the projects in early stages with significant room to grow, according to senior research analyst Jesse Broehl.
The Business Network for Offshore Wind (BNOW) believes it is possible to hit 1 GW by…
