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Avangrid Wins Final US Approval For First Commercial-Scale Offshore Wind Project

05/11/2021 09:03

12:48 PM EDT, 05/11/2021 (MT Newswires) -- Avangrid (AGR) has received final US regulatory approval to build the first commercial-scale, offshore wind project in the US off the coast of Martha's Vineyard.

The 800-megawatt project, called Vineyard Wind 1, was approved by the US Bureau of Ocean Energy Management, and will be located 15 miles off the coast of Martha's Vineyard.

The project of Avangrid joint venture Vineyard Wind will provide enough electricity to power more than 400,000 homes and businesses in Massachusetts, and reduce electricity rates by $1.4 billion over the first 20 years, Avangrid said.

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