Power

Vineyard Wind forms partnership for its Commonwealth Wind project

Vineyard Wind

Vineyard Wind, the joint venture of Avangrid Renewables and Copenhagen Infrastructure Partners, announced this Wednesday that its proposed Commonwealth Wind project will have a unique partnership. It is a first-of-its-kind agreement with Energy New England. It will allow Municipal Light Plants to purchase offshore wind power to decarbonize the state’s electricity consumption further.

Firstly, the agreement is contingent on Commonwealth Wind being selected by the state in the most recent round of solicitation for offshore wind energy. The Commonwealth project is a newly proposed offshore wind project that will be located 22 miles from Martha’s Vineyard.

Moreover, the project would deliver up to 1,200 MW of clean and affordable energy to Massachusetts; enough to power 750,000 homes in the state. It would create up to 11,000 jobs and also catalyze hundreds of millions of investments in offshore wind infrastructure.

Therefore, if awarded, the project would allow MLP’s to purchase up to 146,000 MWh per year in addition to Renewable Energy Credits. Such a purchase would help to reduce carbon pollution by 300,000-400,000 tons over the lifetime of the contract.

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Vineyard Wind to push Massachusetts further into its clean energy goals

Furthermore, MLP’s currently provide 5% of the state’s energy baseload. Consequently, the partnership will make meaningful progress toward meeting the state’s renewable energy targets; as required under Massachusetts’ new climate law.

On the other hand, Vineyard Wind CEO Lars Pedersen said about the partnership. “Massachusetts MLPs have set targets to increase the share of clean energy in their portfolio, and with this partnership in place, we can help them take meaningful steps toward this goal.”

He also remarked. “We are proud to partner with ENE to ensure that communities across the state can buy power from the Commonwealth Wind Project.”

Finally, John G. Tzimorangas, President and CEO of Energy New England, also commented. “This is a significant partnership between Vineyard Wind and ENE with its MLP clients, one that signifies the commitment that all the relevant parties have to the Commonwealth’s clean energy goals.”

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