Wakefield, MA – April 4, 2019 – Anbaric, a leading offshore transmission developer, announced today that it has submitted an Economic Study request to examine the impacts of 8,000, 10,000 and 12,000 MW of offshore wind on energy prices, air emissions and fuel security. Conducted by ISO New England Inc, the study’s target year is 2030 and will take into account the recent and upcoming retirements of the Vermont Yankee, Pilgrim and Millstone nuclear stations.
“Over the past year, offshore wind targets have expanded across the New England states with numbers as large as 12,000 MW becoming more of a reality,” said Ed Krapels, CEO, Anbaric. “As New England moves forward with its current procurements and legislation, Anbaric is requesting this new study so that consumers, policy makers and regulators have access to updated data to reach informed decisions.”
“Unlike past offshore wind studies, this request seeks to understand the impacts that larger amounts of wind energy would have,” said Theodore Paradise, Senior Vice President of Transmission Strategy, Anbaric. “We expect the results to show that significant offshore wind additions will help resolve the region’s fuel security needs even with generator retirements and without significant new natural gas pipelines.”
ISO New England solicits Economic Study requests each year. These requests seek information regarding the impacts of various power system scenarios that the ISO can provide given its expertise and extensive data.
Anbaric creates and builds electric businesses of the future. Anbaric’s financial partner is the Ontario Teachers’ Pension Plan. With a focus on transmission and distributed energy, Anbaric creates new entities that transform old energy systems into more effective and resilient ones with an emphasis on clean energy. For more information visit www.anbaric.com.
Contact: Erin Clarke, Anbaric