Scatter Wash 2

Vineyard Wind 1 — 800 MW offshore wind, Massachusetts (ISO-NE) — original 2018 OREC award

Avangrid + Copenhagen Infrastructure Partners → Eversource + National Grid + Unitil (MA EDCs)

Vineyard Wind 1 — 800 MW (84 turbines), 15 mi south of Martha's Vineyard MA

Avangrid Renewables (50%) + Copenhagen Infrastructure Partners (50%) → MA EDCs

Federal approval (no value)

Vineyard Wind 1 — 800 MW offshore wind, 15 mi off Martha's Vineyard MA (first commercial-scale OSW in US)

Vineyard Wind LLC (Avangrid Renewables 50% / Copenhagen Infrastructure Partners 50%) → Bank of America, J.P. Morgan, BBVA, NatWest, Santander (advisor), Crédit Agricole, Natixis, BNP Paribas, MUFG Bank

$2.3B (senior debt)

Scatter Wash Energy Storage — 255 MW / 1,020 MWh standalone BESS, Maricopa County, Arizona

Strata Clean Energy (Blackstone portfolio company) → J.P. Morgan, Nomura (CLAs); U.S. Bancorp Impact Finance, CoBank

$559M (debt + tax equity)

Papago Storage — 1,200 MWh battery energy storage project in Maricopa County, Arizona

Recurrent Energy → MUFG, Nord/LB

$513M

WGL Holdings — Washington Gas Light + non-regulated power/marketing/midstream

AltaGas Ltd.

C$8.4B (~$6.4B USD; $88.25/share cash)