The Delaware Energy Solutions Act of 2024 (SB 265) focuses on advancing the state’s offshore wind energy goals and boosting local economic development through specific actionable provisions:

1. Energy Procurement: The Act tasks the Delaware State Energy Office with securing between 800 and 1,200 megawatts of electricity from offshore wind projects. This energy will be offered to Delaware’s public utilities, rural cooperatives, and third-party electricity providers.
2. Project Requirements: To be eligible, proposals must include a 20-year contract term, meet pricing benchmarks, and detail potential impacts on Delaware’s transmission systems and energy markets. These requirements ensure that only projects with long-term viability and cost-effectiveness are considered.
3. Economic and Job Creation Impact: Proposals are evaluated based on their economic benefits to Delaware, including local job creation, supply chain contributions, and workforce development initiatives. This is intended to ensure that projects stimulate the local economy and offer opportunities to Delaware workers.
4. Environmental Standards: Projects must align with Delaware’s Climate Action Plan and demonstrate a reduction in greenhouse gas emissions. This ensures that offshore wind developments contribute to the state’s climate goals while maintaining competitiveness in the energy market.
5. Workforce and Community Benefits: The Act mandates that developers enter into community benefit agreements and project labor agreements. These agreements ensure that local workers and businesses are prioritized and that fair wages are provided, which fosters community involvement and economic growth.
6. Supply Chain and Workforce Development: The Act includes supply chain requirements, ensuring that local businesses are involved in project development, alongside workforce development measures to enhance skills in the clean energy sector.
7. Public Review and Approval: After project proposals are vetted by the State Energy Office, they must undergo a public review by the Delaware Public Service Commission. This process includes public hearings and a final assessment to confirm that the project serves the public interest and provides fair energy rates.
8. Partnering with Other States: Delaware retains the flexibility to collaborate with neighboring states on offshore wind projects, allowing for regional partnerships that can reduce costs and increase efficiency in meeting renewable energy targets.

These provisions aim to make Delaware a leader in offshore wind energy while ensuring economic benefits for local communities and alignment with the state’s climate goals.