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Massachusetts’ offshore wind price cap creates pressure to speed procurement
Energy News Network: As Massachusetts gets ready to issue its second request for offshore wind proposals, the state is weighing whether to speed up its procurement process to allow developers to reap federal tax benefits. Energy developers and environmental groups are encouraging the state to launch the solicitation as soon as next month.
This push comes as the state faces growing concerns that a price cap on offshore wind power could undermine the state’s burgeoning offshore wind industry if developers decide to seek friendlier markets in other states.
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