Copenhagen Infrastructure Partners (CIP)
Vineyard Wind 1 generated its first power for New England, sending about 5 MW of electricity to the grid via its interconnection point on Cape Cod.
The first electricity is expected to flow from the landmark offshore Vineyard Wind 1 project this year.
New York said its latest offshore wind solicitation drew more than 100 proposals from six developers for eight new projects — a record level of response.
Developers bid a total $757 million, or $2,039/acre, for five leases in two wind energy areas off California in the first West Coast offshore wind auction.
Avangrid’s CEO said during an earnings call that the lease areas that the company now directly controls are “undervalued based on current market prices.”
Massachusetts chose two offshore wind projects totaling 1,600 MW, potentially bringing the state's offshore wind total to 3,200 MW.
Avangrid Renewables and Copenhagen Infrastructure Partners will continue to co-develop the 800-MW Vineyard Wind 1 project.
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