New England Wind 1 — 791 MW offshore wind, federal lease area OCS-A 0534, ~30 miles south of Barnstable, Massachusetts
Selected Sep 6, 2024 in MA Round 4 multi-state solicitation. Powers ~400,000 MA homes/businesses. 3,600 FTE job-years; $1.4B customer savings over first 20 years (per Avangrid). Avangrid's second major MA offshore wind project after Vineyard Wind 1.
Undisclosed OREC strike
Deal Value
791MW
Capacity
Offshore Wind
Technology
MA
Location
Deal Details
- Deal Type
- Power Purchase & Offtake
- Seller / Sponsor
- Avangrid Renewables (Iberdrola Group)
- Buyer / Financier
- Massachusetts ratepayers
- Offtaker
- Massachusetts ratepayers
- Deal Value
- Undisclosed OREC strike
- Stage
- Development
- ISO/RTO
- ISO-NE
- Source
- Avangrid
Related Deals
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, offshore Massachusetts (62 turbines)
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