Vineyard Wind 1 — 800 MW offshore wind, 15 mi south of Martha's Vineyard MA
Massachusetts selects Vineyard Wind for 800 MW offshore wind contracts under 83C Round I — first commercial-scale US offshore wind. Avangrid + CIP 50/50 JV. Contracts filed July 31, 2018; DPU approved April 16, 2019. Set up federal ROD May 2021 + financial close Sept 2021.
$20
Deal Value
800MW
Capacity
Offshore Wind
Technology
MA
Location
Deal Details
- Deal Type
- Power Purchase Agreement
- Seller / Sponsor
- Vineyard Wind LLC (Avangrid Renewables + Copenhagen Infrastructure Partners 50/50 JV)
- Buyer / Financier
- MA Electric Distribution Companies (Eversource, National Grid, Unitil)
- Offtaker
- MA Electric Distribution Companies (Eversource, National Grid, Unitil)
- Deal Value
- 20-year PPAs with MA EDCs
- Stage
- Development
- ISO/RTO
- ISO-NE
- Source
- Utility Dive
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Vineyard Wind 1 — 800 MW offshore wind, offshore Massachusetts (62 turbines)
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Avangrid + Vineyard Offshore JV → Massachusetts ratepayers (800 MW share of 1,200 MW project)
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Vineyard Wind 1 — 800 MW offshore wind, ~15 miles off Martha's Vineyard, Massachusetts
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$1.2B (largest single-asset tax equity ever)
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