Diana Digangi

Total transfer activity in 2023 was as much as $9 billion, while activity during the first half of this year totaled between $9 billion and $11 billion, a report from Crux estimates.

Despite the PJM Interconnection’s 2025/26 capacity auction seeing record high prices, Dominion Energy has the “natural hedge” of its own generation, said CEO Bob Blue.

Two of the bidding companies said they support the month-long delay in bid selection as Massachusetts, Connecticut and Rhode Island consider the impact of $389 million in DOE funds.

The Bureau of Safety and Environmental Enforcement has also revised the project’s suspension order, allowing Vineyard Wind to install new towers and nacelles.

The companies paid close to $93 million, and the two Central Atlantic leases together offer up to 6 GW in capacity.

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The prevailing wage and registered apprenticeship requirements, when used by developers to maximize IRA benefits, could create several million well-paid jobs, the Climate Jobs National Resource Center estimates.

The lease, which covers 15,000 acres and could provide up to 144 MW of capacity, is the first of its kind in the U.S., the agency says.

The two lease areas contain around 195,000 acres and offer up to 3.1 GW of capacity, which if deployed would meet Oregon’s state goal of adding 3 GW of offshore wind by 2030.

The Biden administration said it has now permitted 15 GW of offshore wind, bringing the U.S. closer to its goal of deploying 30 GW by 2030.