Avangrid Renewables is excited about the opportunity to play a leading role in the growing U.S. offshore wind industry, a reliable source of clean energy with significant job-creation potential in the United States. Combining our proven track record of clean energy development, particularly in wind, along with the expertise and experience of our international affiliate, Iberdrola Group, in developing offshore wind in Europe, we are well positioned to deliver competitive projects. The AVANGRID companies have made a commitment to significant investments in clean energy infrastructure that will create jobs, economic development and help accelerate the emerging offshore wind industry in the U.S.
Vineyard Wind is a joint venture between Avangrid Renewables and Copenhagen Infrastructure Partners (CIP). The joint venture’s first project, Vineyard Wind 1, will have a capacity of 800 MW and be located 15 miles south of Martha’s Vineyard. In 2020, the project made significant progress toward delivering clean energy to Massachusetts. Set to become the first U.S. commercial offshore wind project when it begins operation, the project will use GE’s Haliade-X wind turbine generators, the most powerful offshore wind turbine to date.
The project will provide enough electricity to power more than 400,000 homes and businesses in the Commonwealth of Massachusetts, create 3,600 Full Time Equivalent (FTE) job years and reduce electricity rates by $1.4 billion over the first 20 years of operation; it is expected to reduce carbon emissions by more than 1.6 million metric tons per year.*
Vineyard Wind is expected to receive the Record of Decision from the federal Bureau of Ocean Energy Management, the primary federal permit required to begin construction, in April of 2021. Construction is expected to commence in 2021, and the project is anticipated to begin delivering energy in 2023.
PARK CITY WIND
The Vineyard Wind joint venture is also developing the Park City Wind project to supply clean energy to Connecticut. Selected in 2019 by the Connecticut Department of Energy and Environmental Protection in a competitive solicitation process for offshore wind facilities, the 804 MW project would provide approximately 14% of Connecticut’s electricity supply and avoid emitting 25 million tons of carbon emissions in the state over the life of the project.**
The proposed offshore wind development is named after the City of Bridgeport, Connecticut, widely referred to as the Park City, and has the potential to establish Bridgeport as an American hub for the emerging U.S. offshore wind industry.
Vineyard Wind is dedicated to making Bridgeport home to Park City Wind’s operations and maintenance hub for the 25+-year life of the project, bringing with it long-term jobs and generating millions of dollars in direct expenditures.
The Park City Wind project has committed to invest up to $12 million to redevelop an 18.3-acre waterfront industrial property in Bridgeport. A renovated Barnum Landing property will host hundreds of local workers hired to do steel fabrication and final outfitting. This labor-intensive work will create new, well-paying union jobs along with a trained workforce prepared for future offshore wind projects, all in support of building valuable Connecticut-based offshore wind capabilities.
KITTY HAWK OFFSHORE WIND
Kitty Hawk Offshore Wind is a proposed 2,500 MW offshore wind project to be located approximately 27 miles from the shore of North Carolina’s Outer Banks and is wholly owned by Avangrid Renewables. When fully built out, the project is expected to generate enough clean electricity to power the equivalent of 700,000 homes.*
In December 2020, Avangrid Renewables submitted a Construction and Operations Plan (COP) to the Bureau of Ocean Energy Management (BOEM) as part of the federal permitting process for the project’s first phase. The COP sets forth the results of an economic impact study, commissioned by Avangrid Renewables and conducted by the Public Strategy Group, which anticipates that the project will drive approximately $2 billion in economic activity and create hundreds of jobs between 2021 and 2030 with the buildout of the project.
The first phase of the project, anticipated to begin construction as soon as 2024, will have the capacity to generate approximately 800 MW of electricity.