capacity prices

Estimating the Value of Offshore Wind Along the United States’ Eastern Coast

Lawrence Berkeley National Laboratory
Andrew D. Mills, Dev Millstein, Seongeun Jeong, Luke Lavin, Ryan Wiser, Mark Bolinger
A new study by Lawrence Berkeley National Laboratory (LBNL) finds that the market value of offshore wind varies significantly along the U.S. East Coast, depending on the time-varying wind resource profile at a given site, as well as local pricing and market rules within the regional power market.
LBNL researchers explored a hypothetical question: what would the marginal economic value of offshore wind projects on the East Coast have been between 2007-2016? The study finds that the historical market value – considering only energy, capacity, and REC value – varies by project location, and is highest for sites offshore NY, CT, RI, and MA
Publication Date: 
Tuesday, May 1, 2018
1 MB
Resource Type: 
Subscribe to RSS - capacity prices