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DEEP’s selection of four clean energy projects is a significant step towards achieving Connecticut’s goal of transitioning to a more sustainable and reliable energy future. These projects will not only provide affordable and clean energy to residents and businesses, but also save ratepayers hundreds of millions of dollars in energy supply costs.
The three solar projects, with a combined capacity of 518 MW, will add over 3% of Connecticut’s current electricity consumption to the New England grid. This is equivalent to powering 97,000 homes with clean electricity. Additionally, the 200 MW grid-scale electricity storage project will be the first of its kind in Connecticut, providing much-needed flexibility and stability to the grid.
The selection of these projects is a testament to the state’s commitment to reducing its reliance on fossil fuels and transitioning to renewable energy sources. It also highlights the potential for economic growth and job creation in the clean energy sector.
The estimated savings of $424 million in energy supply costs over the first 20 years of operation is a significant benefit for ratepayers. This translates to a reduction of about $0.57 per month for the average residential customer’s electricity bill.
Overall, this announcement is a positive development for Connecticut’s energy future and sets a strong example for other states to follow in their efforts to combat climate change and promote clean energy.