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4C is now TGS
We are excited to announce a significant milestone in 4C Offshore's journey. Our integration into the TGS family marks the beginning of a new era in offshore wind market intelligence.
The project is still subject to contract negotiations between the parties and the regulatory approval at the Massachusetts Department of Public Utilities (DPU). At the time of contract filing with the DPU, a public report will be provided by the soliciting parties that detail the evaluation process. Separately, the Independent Evaluator will prepare a detailed public report on the evaluation process and outcome, and whether the evaluation was conducted in a fair and non-discriminatory manner. If the bid selected to advance to contract negotiation at this stage does not successfully negotiate contracts, it may result in other bids being selected to advance to contract negotiations. Final project selection as a result of successful contract negotiation will be made public following submittal for regulatory approval anticipated to be by 25th April 2018. All hope is not lost for Deepwater Wind's Revolution project as the company is still in the run up for a separate Section 83C request for proposals, issued specifically for offshore wind projects. Two other projects, Bay State Wind and Vineyard Wind also submitted bids. Last year, Massachusetts officials passed a Bill which requires utilities to procure 1.6GW of offshore wind energy within the next decade, setting off competition amongst offshore wind developers in the region. For more information please follow the links provided.
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