SouthCoast Wind (formerly Mayflower Wind) — 1,200 MW offshore wind, MA OREC contracts terminated
Avangrid and Shell terminated SouthCoast Wind PPAs with Massachusetts EDCs after inflation, supply chain, and rate pressures rendered original prices uneconomic. $60M termination payment. Project later re-bid into MA Round 4 (won 1,287 MW Sep 2024). Triggered cascade of other MA/CT/RI offshore wind cancellations.
$60M
Deal Value
1,200MW
Capacity
Offshore Wind
Technology
MA
Location
Deal Details
- Deal Type
- Power Purchase & Offtake
- Seller / Sponsor
- Avangrid + Shell
- Buyer / Financier
- Massachusetts EDCs
- Offtaker
- Massachusetts EDCs
- Deal Value
- $60M termination payment
- Stage
- Cancelled (Re-bid)
- ISO/RTO
- ISO-NE
- Source
- Avangrid
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