ABB_id2059
in News Departments > Projects & Contracts
print the content item

The partnership formed by Wilmington, Del.-based Delmarva Power and Glen Allen, Va.-based Old Dominion Electric Cooperative - representing 12 electric cooperatives, including the Delaware Electric Cooperative - has selected the winning bidders for providing land-based wind power to the region.

The winning bidders submitted guaranteed prices for 15- to 20-year contracts for both energy and renewable energy credits. Land-based wind power supports Delaware's clean energy goals and reduces the operation of regional power plants.

"The results are in - we now have long-term commitments with guaranteed prices for land-based wind power that cost significantly less than our customers would otherwise pay for wind if built in the ocean," says Gary Stockbridge, president of Delmarva Power Region.

A comprehensive filing will be submitted to the Delaware Public Service Commission (PSC) in June by Delmarva Power. The other 12 utilities buying power in this process, including the Delaware Electric Cooperative, will not have to seek regulatory approval from the PSC for their final contracts.

SOURCE: Delmarva Power

Hybrid Energy Innovations 2015

Trachte_id2056
Latest Top Stories

U.S. Wind Power Installations Surpassed 4.7 GW Last Year, Although China Still Leads

Bloomberg New Energy Finance reports that U.S. wind installations came back in a big way from a disappointing 2013.


IRS Specifies Performance, Quality Standards For Small Wind Turbines

The Internal Revenue Service (IRS) recently issued guidelines creating safety and performance standards for small wind turbines to be eligible for the 30% investment tax credit.


Hot Times North Of The Border: Canada Tops Previous Record For Installed Wind Capacity

For the second consecutive year, Canada's wind market has bested the country's previous mark for new installations.


Report: Policy Uncertainty Fuels Market Exodus As Firms Bolt North American Wind Industry

The global wind energy supply chain has yet to recover from the slump that began in 2013. In fact, many segments are undergoing a transformation, according to market research firm FTI Consulting.


Utilities Deal "Near-Fatal" Blow To Cape Wind: UPDATED

Despite its remarkable resiliency, could this latest setback mean the end for the controversial offshore wind farm?

Hybrid Energy Innovations 2015