Plan to Build New 1-GW Plant in Rhode Island Officially Dead
The post Plan to Build New 1-GW Plant in Rhode Island Officially Dead appeared first on POWER Magazine.
A project to build a 1-GW gas-fired power plant in Rhode Island has officially ended, after developer Invenergy took no action to appeal the project’s rejection by state regulators, who earlier this year voted unanimously against the plant’s construction.
Invenergy had until Nov. 15 to challenge the formal denial of a construction license for the project by state officials. The state’s Energy Facilities Siting Board (EFSB) issued that denial on Nov. 5, after the EFSB in June had voted against permitting the project.
The siting board in its denial detailed changes in the regional energy market that factored into its decision to reject the plant’s construction, including that wholesale energy prices in New England have fallen even as coal and nuclear generation has been retired. It cited the growth of energy efficiency programs, lessening power demand, and said solar farms and several offshore wind power projects will provide new regional power generation.…