This report is the second Lumea (Transgrid) Knowledge Sharing report for the TransGrid; New England Renewable Energy Zone – Pilot for commercial development of transmission structure project.
The New England Transmission Infrastructure (NETI) is a proposed unregulated transmission infrastructure investment with the capacity to accommodate 1400 MW of new Renewable Energy connection capacity.
The New England Connection Capacity Auction (NECCA) was designed and developed as a commercial mechanism to test market preparedness to support the development of the NETI.
Following a highly successful Expression of Interest process, and the shortlisting of a subset of developers, the Non-Binding Bids phase has been concluded. This Non-Binding Bids phase sought offers from shortlisted parties for connection capacity, substantially on the basis of:
- an indicative NETI design;
- supporting commercial contract structures captured in well-formed term sheets (Project Agreement Term Sheet; Capacity Deed Term Sheet), and
- MLF and constraint modelling studies.