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Released July 05, 2024 | SUGAR LAND
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Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--After claiming the lead position in terms of offshore wind energy capacity with a facility off Massachusetts, renewable energy company Avangrid Incorporated (NYSE:AGR) (Orange, Connecticut) said it received federal consent to move forward with yet another complex off the East Coast.
The U.S. offshore wind energy sector is in its infancy relative to peer economies, though the federal government has a goal of establishing 30 gigawatts (GW) of offshore wind energy by 2030 and another 15 GW in floating offshore capacity by 2035.
Avangrid said Monday it could help put a dent in that objective now that it received federal approval for its construction and operations plan for the New England Wind 1 and 2 offshore projects.
From the first phase alone, Avangrid said it is expecting a peak capacity of 791 megawatts (MW).
"By securing all federal, state, regional, and local permits, New England Wind 1 has the potential to put shovels in the ground next year and deliver thousands of jobs, local investment, and needed clean energy before the end of the decade," said Pedra Azagra, the chief executive officer for Avangrid.
The first phase is considered shovel-ready, with construction slated to begin by next year. It could be up and running and sending power to shore by 2029. In terms of the environmental footprint, Avangrid said the entire project could reduce emissions of carbon dioxide by 4 million tons per year, the equivalent of pulling 700,000 gasoline-powered vehicles off the road. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for the related project reports.
The news follows Avangrid's claim to the lead position in offshore wind energy capacity after the first 10 turbines for the Vineyard Wind facility offshore Massachusetts began spinning last month.
Vineyard Wind boasts an initial capacity of 136 MW, which Avangrid said was enough to power more than 60,000 homes. Subscribers can read a detailed report on the Vineyard Wind project.
Five turbines with a combined peak capacity of 68 MW were installed in February. When complete, it is expected to include 62 of the 800-foot Haliade-X turbines from General Electric (NYSE:GE) (Boston, Massachusetts), each with a peak capacity of 13 MW.
Construction began in late 2022. The two-phase project is scheduled for completion by mid-2025 at an expected cost of about $1.6 billion.
The federal government has moved quickly on building up the offshore wind energy sector by putting new areas for offshore wind on the auction block and introducing newly-sanctioned projects.
In June, the government approved plans for the Sunrise Wind project offshore Rhode Island, which would have a peak capacity of 924 MW, enough to meet the demands of more than 320,000 homes each year. Subscribers can click here for the project report.
The 128-MW South Fork windfarm off the coast of New York became the first commercial-scale facility of its kind when operations began in March. Subscribers can click here for the project report.
On Tuesday, the government said consent for the ninth offshore wind energy project, Atlantic Shores South, means the United States has more than 13 GW of scheduled capacity. Subscribers can click here for the project report
Industrial Info Resources is tracking 34 offshore wind projects in the United States with a combined total investment value of $82.7 billion. Subscribers can click here for a list of detailed project reports.
Subscribers can click here for the project reports mentioned in this article and click here for the related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
The U.S. offshore wind energy sector is in its infancy relative to peer economies, though the federal government has a goal of establishing 30 gigawatts (GW) of offshore wind energy by 2030 and another 15 GW in floating offshore capacity by 2035.
Avangrid said Monday it could help put a dent in that objective now that it received federal approval for its construction and operations plan for the New England Wind 1 and 2 offshore projects.
From the first phase alone, Avangrid said it is expecting a peak capacity of 791 megawatts (MW).
"By securing all federal, state, regional, and local permits, New England Wind 1 has the potential to put shovels in the ground next year and deliver thousands of jobs, local investment, and needed clean energy before the end of the decade," said Pedra Azagra, the chief executive officer for Avangrid.
The first phase is considered shovel-ready, with construction slated to begin by next year. It could be up and running and sending power to shore by 2029. In terms of the environmental footprint, Avangrid said the entire project could reduce emissions of carbon dioxide by 4 million tons per year, the equivalent of pulling 700,000 gasoline-powered vehicles off the road. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for the related project reports.
The news follows Avangrid's claim to the lead position in offshore wind energy capacity after the first 10 turbines for the Vineyard Wind facility offshore Massachusetts began spinning last month.
Vineyard Wind boasts an initial capacity of 136 MW, which Avangrid said was enough to power more than 60,000 homes. Subscribers can read a detailed report on the Vineyard Wind project.
Five turbines with a combined peak capacity of 68 MW were installed in February. When complete, it is expected to include 62 of the 800-foot Haliade-X turbines from General Electric (NYSE:GE) (Boston, Massachusetts), each with a peak capacity of 13 MW.
Construction began in late 2022. The two-phase project is scheduled for completion by mid-2025 at an expected cost of about $1.6 billion.
The federal government has moved quickly on building up the offshore wind energy sector by putting new areas for offshore wind on the auction block and introducing newly-sanctioned projects.
In June, the government approved plans for the Sunrise Wind project offshore Rhode Island, which would have a peak capacity of 924 MW, enough to meet the demands of more than 320,000 homes each year. Subscribers can click here for the project report.
The 128-MW South Fork windfarm off the coast of New York became the first commercial-scale facility of its kind when operations began in March. Subscribers can click here for the project report.
On Tuesday, the government said consent for the ninth offshore wind energy project, Atlantic Shores South, means the United States has more than 13 GW of scheduled capacity. Subscribers can click here for the project report
Industrial Info Resources is tracking 34 offshore wind projects in the United States with a combined total investment value of $82.7 billion. Subscribers can click here for a list of detailed project reports.
Subscribers can click here for the project reports mentioned in this article and click here for the related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
