Commonwealth Wind
Wind power development off the Northeast U.S. coast continued to advance in 2022, with New York especially seeing a "banner year," according to an OSW advocate.
Avangrid has moved to terminate power purchase agreements for Commonwealth Wind, a 1.2-GW offshore wind project it is developing in Massachusetts.
Negotiations will continue on two Massachusetts offshore wind projects that developers have declared financially unviable.
Massachusetts regulators have rejected developers’ requests to pause the review of their power purchase agreements for two planned offshore wind projects.
Avangrid declared the Commonwealth Wind project is no longer financially viable, potentially delaying the effort to site wind power off Massachusetts' coast.
Avangrid’s CEO said during an earnings call that the lease areas that the company now directly controls are “undervalued based on current market prices.”
Massachusetts chose two offshore wind projects totaling 1,600 MW, potentially bringing the state's offshore wind total to 3,200 MW.
Vineyard Wind partnered with Semco Maritime to build a maintenance facility in New Bedford, Mass., as part of the developer’s Commonwealth Wind proposals.
Vineyard Wind has partnered with the City of Salem, Massachusetts, in an effort to turn Salem Harbor into the state’s second offshore wind port.
Mayflower Wind has submitted a 1.2-GW bid in Massachusetts' latest offshore wind RFP, pledging to spend up to $81 million for economic development.
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