Mayflower Wind is insisting to regulators that its 1.2GW wind project and transmission line are “viable and progressing despite challenges caused by extraordinary global macroeconomic conditions.”
This is according to a letter the joint venture sent to Robert Shea at the Energy Facilities Siting Board in Massachusetts.
The joint venture is owned by EDF Renewables, Shell and Engie.
Questions have been raised about the financial viability of pioneering wind projects off New England.
Mayflower Wind also reiterated that it is moving forward with approval of its power purchase agreements (PPAs) with three New England utilities.
A 400MW portion of the project has a PPA at the low rate of $77.76/MWh.
Meanwhile in the adjacent state of Rhode Island, regulators have considered suspending the developer’s application for transmission cables that would run to the site of the former Brayton Point Power Station, according to local media.
The Energy Facility Siting Board has told Mayflower Wind to explain why the review of the line should not be halted until questions about the project’s viability have been settled.
Mayflower Wind declined to comment on proceedings in either state.