Vineyard 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.
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.
Developers still face challenges to finance offshore wind projects, but lenders are eager to get involved, speakers told the ACPA's OSW conference.
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.
State solicitations have helped lower offshore wind prices, but DEEP Commissioner Katie Dykes says the next challenge for the sector is transmission.
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.
Avangrid Renewables and Copenhagen Infrastructure Partners will continue to co-develop the 800-MW Vineyard Wind 1 project.
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