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Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Sustainable energy company Avangrid Incorporated (NYSE:AGR) (Orange, Connecticut) said the start of operations at 10 turbines for its Vineyard Wind facility offshore Massachusetts makes it the largest facility of its kind in the U.S.
The U.S. offshore wind energy sector is still in its infancy. The first commercial-scale offshore windfarm in U.S. territorial waters officially opened in March when Ørsted (Fredericia, Denmark) and utility company Eversource Energy (NYSE:ES) (Hartford, Connecticut) started operations at the 128-megawatt (MW) South Fork windfarm off the coast of New York.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can read detailed reports on the Vineyard Wind and South Fork projects.
President Joe Biden set a goal of establishing 30 gigawatts (GW) of offshore wind energy by 2030 and another 15 GW in floating offshore capacity by 2035. New York state alone expects to see 9 GW of offshore wind energy by 2035.
Avangrid said Wednesday that it's delivering more than 136 MW to the Massachusetts grid, now that 10 new turbines are spinning offshore.
"With 10 turbines now in operation, Avangrid is delivering enough clean energy to power more than 60,000 homes and businesses in Massachusetts," said Pedro Azagra, the chief executive officer at Avangrid. "Our Vineyard Wind 1 project continues to demonstrate the significant benefits that offshore wind offers the New England region, delivering well-paying union jobs, local investment, and clean energy that is helping Massachusetts meet its growing demand for electricity."
Five turbines with a combined peak capacity of 68 MW were installed in February, and the 10 new blades make it the largest facility of its kind in the U.S. For more background, see January 4, 2024, article - Offshore Vineyard Wind Project Delivers First Power to New England.
Vineyard Offshore Wind is a joint venture between Avangrid, a subsidiary of Iberdrola S.A. (Bilbao, Spain), and Copenhagen Infrastructure Partners (CIP) (Copenhagen, Denmark), an infrastructure investor in clean energy projects.
The project is situated about 15 miles off the coast of Martha's Vineyard. 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.
And while the sector has moved slowly, the federal government continues to put new areas for offshore wind on the auction block and is introducing newly sanctioned projects. Last week, 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 learn more from a detailed project report.
As the offshore wind sector picks up on the U.S. East Coast, Equinor (NYSE:EQNR) (Stavanger, Norway) is transforming the South Brooklyn Marine Terminal into a hub to support offshore wind developments.
New York Mayor Eric Adams said the facility is expected to generate about $1.3 billion in investments annually as it builds up a new industry for the region. It's meant to serve as the operations and maintenance center for Equinor's Empire Wind project, along with other East Coast installations. Subscribers can learn more from a detailed project report.
The city itself is backing the port terminal with $57 million in investments.
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) platform 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 more than 200,000 current and future projects worth $17.8 trillion (USD).
The U.S. offshore wind energy sector is still in its infancy. The first commercial-scale offshore windfarm in U.S. territorial waters officially opened in March when Ørsted (Fredericia, Denmark) and utility company Eversource Energy (NYSE:ES) (Hartford, Connecticut) started operations at the 128-megawatt (MW) South Fork windfarm off the coast of New York.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can read detailed reports on the Vineyard Wind and South Fork projects.
President Joe Biden set a goal of establishing 30 gigawatts (GW) of offshore wind energy by 2030 and another 15 GW in floating offshore capacity by 2035. New York state alone expects to see 9 GW of offshore wind energy by 2035.
Avangrid said Wednesday that it's delivering more than 136 MW to the Massachusetts grid, now that 10 new turbines are spinning offshore.
"With 10 turbines now in operation, Avangrid is delivering enough clean energy to power more than 60,000 homes and businesses in Massachusetts," said Pedro Azagra, the chief executive officer at Avangrid. "Our Vineyard Wind 1 project continues to demonstrate the significant benefits that offshore wind offers the New England region, delivering well-paying union jobs, local investment, and clean energy that is helping Massachusetts meet its growing demand for electricity."
Five turbines with a combined peak capacity of 68 MW were installed in February, and the 10 new blades make it the largest facility of its kind in the U.S. For more background, see January 4, 2024, article - Offshore Vineyard Wind Project Delivers First Power to New England.
Vineyard Offshore Wind is a joint venture between Avangrid, a subsidiary of Iberdrola S.A. (Bilbao, Spain), and Copenhagen Infrastructure Partners (CIP) (Copenhagen, Denmark), an infrastructure investor in clean energy projects.
The project is situated about 15 miles off the coast of Martha's Vineyard. 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.
And while the sector has moved slowly, the federal government continues to put new areas for offshore wind on the auction block and is introducing newly sanctioned projects. Last week, 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 learn more from a detailed project report.
As the offshore wind sector picks up on the U.S. East Coast, Equinor (NYSE:EQNR) (Stavanger, Norway) is transforming the South Brooklyn Marine Terminal into a hub to support offshore wind developments.
New York Mayor Eric Adams said the facility is expected to generate about $1.3 billion in investments annually as it builds up a new industry for the region. It's meant to serve as the operations and maintenance center for Equinor's Empire Wind project, along with other East Coast installations. Subscribers can learn more from a detailed project report.
The city itself is backing the port terminal with $57 million in investments.
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) platform 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 more than 200,000 current and future projects worth $17.8 trillion (USD).
