Commonwealth Wind — 1,232 MW offshore wind
Commonwealth Wind (Avangrid/Iberdrola) 1,232 MW PPA filed with MA DPU under 83C Round III. Avangrid declared contract "no longer viable" Oct 2022 due to inflation/supply chain. DPU rejected re-negotiation Nov 2022. Avangrid paid $48M to terminate (July 2023).
1,232MW
Capacity
Offshore Wind
Technology
MA
Location
Deal Details
- Deal Type
- Power Purchase Agreement
- Seller / Sponsor
- Commonwealth Wind / Avangrid (Iberdrola)
- Buyer / Financier
- MA EDCs (National Grid, Eversource, Unitil)
- Offtaker
- MA EDCs (National Grid, Eversource, Unitil)
- Deal Value
- Undisclosed
- Stage
- Development
- ISO/RTO
- ISO-NE
- Source
- WBUR
Related Deals
Mayflower Wind — 400 MW offshore wind (later renamed SouthCoast Wind)
Mayflower Wind (Shell + Ocean Winds JV) — later renamed SouthCoast Wind → MA EDCs (National Grid, Eversource, Unitil)
~$120M economic development commitment
Vineyard Wind 1 — 800 MW offshore wind, offshore Massachusetts (62 turbines)
Vineyard Wind (Avangrid; Copenhagen Infrastructure Partners) → Massachusetts utilities
New England Wind 1 — 791 MW offshore wind, federal lease area OCS-A 0534, ~30 miles south of Barnstable, Massachusetts
Avangrid Renewables (Iberdrola Group) → Massachusetts ratepayers
Undisclosed OREC strike
Vineyard Wind 2 — 800 MW offshore wind (MA share of 1,200 MW project), federal lease OCS-A 0522, 29 miles south of Nantucket
Avangrid + Vineyard Offshore JV → Massachusetts ratepayers (800 MW share of 1,200 MW project)
Undisclosed OREC strike
Vineyard Wind 1 — 800 MW offshore wind, ~15 miles off Martha's Vineyard, Massachusetts
Avangrid + Copenhagen Infrastructure Partners (CIP) JV → J.P. Morgan, Bank of America, Wells Fargo (tax equity)
$1.2B (largest single-asset tax equity ever)
Buckleberry Solar — Solar project, NC (CPLE). MW not publicly disclosed.
Buckleberry Solar, LLC → Duke Energy Progress, LLC
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.