Massachusetts and Rhode Island both awarded major offshore wind contracts on Wednesday, underscoring the increasing economic viability of a kind of renewable energy that has been long considered too expensive.
The Massachusetts installation will have a capacity of 800MW. Situated 14 miles off Martha’s Vineyard, the wind farm will be called “Vineyard Wind,” and it has an accelerated timetable: it’s due to start sending electricity back to the grid as soon as 2021. According to Greentech Media, the contract was won by Avangrid Renewables and Copenhagen Infrastructure Partners, both companies with headquarters in Europe. The two share 50/50 ownership of the project and beat Deepwater Wind and Bay State Wind in the bidding.
Massachusetts recently approved an ambitious goal to build 1.6GW of wind energy capacity off its coast by 2027. This new contract gets the state half of the way there. According to a press release from Vineyard Wind, the owners of the project will now begin negotiations for transmission services and power purchase agreements. The press release added that the project “will reduce Massachusetts’ carbon emissions by over 1.6 million tons per year, the equivalent of removing 325,000 cars from state roads.”