PACE To Study Wind Market Conditions For LIPA

NAW Staff, Wednesday 23 May 2007 - 10:59:29

The Long Island Power Authority (LIPA) has retained PACE Global Energy to undertake an independent review of current wind energy market conditions both nationwide and around the world. The review will include offshore wind energy projects and will provide LIPA with updated data on the cost/benefits of large-scale wind energy undertakings, such as LIPA's offshore wind project.
 
"With more and more land-based wind energy generators going online in the PJM [Interconnection] market and with the new Neptune cable coming online this year, it certainly makes sense to explore the possibility of importing wind-generated energy to Long Island from an off-island resource now," says Richard Kessel, LIPA's president and chief executive officer.

According to LIPA, the $50,000 study - to be completed in July - will include a comparison of the out-year costs on LIPA's proposed wind project to conventional resources and form the basis of evaluating that project.


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