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November 24, 2024
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Avangrid Seeks to Terminate Commonwealth Wind PPAs
Developer Says Mass. Project Unfinanceable, Hopes to Submit New Bid
Avangrid is seeking to halt review of power agreements for its 1.2-GW wind project off the coast of Massachusetts, saying the project cannot be financed as they are now written.
Avangrid is seeking to halt review of power agreements for its 1.2-GW wind project off the coast of Massachusetts, saying the project cannot be financed as they are now written. | Shutterstock
Avangrid has moved to terminate power purchase agreements for Commonwealth Wind, a 1.2-GW offshore wind project it is developing in Massachusetts.
Company NewsMassachusettsOffshore WindOffshore Wind PowerState and Local Policy