The current population of the state of Connecticut is approximately 3.59 million people. In 2018, the state utilities used natural gas (63.2%), nuclear energy (32.9%) and renewable energy (3.9%) to generate electricity. Currently, biomass and hydropower are the primary sources of renewable energy in Connecticut.
The state’s dependence on nuclear energy contributes to the exceptionally high electricity costs. In October 2018, the average cost of electricity in Connecticut was 21.9 ¢ per kWh, which is the 3rd most expensive price in the United States. Exorbitant electricity price are causing state utilities to move to renewable energy.
On December 20, 2018, the Connecticut Public Utilities Regulatory Authority approved Ørsted’s 20 year power purchase agreement (PPA) for the Revolution Wind offshore wind farm. The 700 MW capacity offshore wind farm is located over 15 miles south off the coast of Rhode Island in federal waters. Ørsted is a multinational power company, headquartered in Fredericia, Denmark.
Oceanographic and geophysical surveys over the Revolution Wind location have already begun. Installation of the offshore wind turbines is scheduled to begin in 2022. Revolution Wind is forecast to begin operations in 2023. The offshore wind farm will deliver electricity to Connecticut customers for more than half the price they are currently paying. Offshore wind farms will offer Connecticut residents a brighter environmental and economic future.