Dec 10 | 2019
Park City Promises Record Strike Price
Regulators in Connecticut have selected energy developer Vineyard Wind to build the Park City offshore project, near the city of Bridgeport.
The project will involve construction of an 804 megawatt windfarm and is expected to transform the city of Bridgeport into an offshore wind hub.
“Vineyard Wind is proud that our Park City Wind proposal was selected in this competitive process and we are excited to work with Governor Lamont and DEEP to deliver jobs and economic development opportunities to the Bridgeport region and meaningful reductions in harmful carbon emissions,” said Lars Pedersen, CEO of Vineyard Wind.
Lowest U.S. Offshore Strike Price
Awarded by the Connecticut Department of Energy and Environmental Protection (DEEP), the project saw Vineyard beat global developer Ørsted with a price “lower than any other publicly announced offshore wind project in North America.”
Vineyard Wind is a joint venture of Avangrid Renewables, a subsidiary of Iberdrola, and Copenhagen Infrastructure Partners (CIP) in which each own a 50 percent stakes.
“[This] announcement takes Connecticut one step closer to being the epicenter of the new offshore wind industry, with thriving ports in both Bridgeport and New London. We look forward to building on the work already underway with a network of project partners, local officials, the maritime community, other developers, and all stakeholders involved to make Connecticut a hub for the offshore wind industry in the United States for decades to come,” Pederson continued.
First Commercial Scale Offshore Wind
The project will be the first commercial scale offshore wind energy project in the U.S. and expects to begin installation in 2021.
The developer previously announced MHI Vestas as its preferred supplier and plans to power the site using the firm’s V164-9.5 megawatt turbines.
“MHI Vestas shares Massachusetts’ strategic commitment to affordable offshore wind power and sustainable energy solutions that will benefit future generations. By driving down the cost of energy through reliable wind turbine technology, MHI Vestas is the perfect partner for our company and the Commonwealth,” Pederson said.
The project will involve construction of an 804 megawatt windfarm and is expected to transform the city of Bridgeport into an offshore wind hub.
“Vineyard Wind is proud that our Park City Wind proposal was selected in this competitive process and we are excited to work with Governor Lamont and DEEP to deliver jobs and economic development opportunities to the Bridgeport region and meaningful reductions in harmful carbon emissions,” said Lars Pedersen, CEO of Vineyard Wind.
Lowest U.S. Offshore Strike Price
Awarded by the Connecticut Department of Energy and Environmental Protection (DEEP), the project saw Vineyard beat global developer Ørsted with a price “lower than any other publicly announced offshore wind project in North America.”
Vineyard Wind is a joint venture of Avangrid Renewables, a subsidiary of Iberdrola, and Copenhagen Infrastructure Partners (CIP) in which each own a 50 percent stakes.
“[This] announcement takes Connecticut one step closer to being the epicenter of the new offshore wind industry, with thriving ports in both Bridgeport and New London. We look forward to building on the work already underway with a network of project partners, local officials, the maritime community, other developers, and all stakeholders involved to make Connecticut a hub for the offshore wind industry in the United States for decades to come,” Pederson continued.
First Commercial Scale Offshore Wind
The project will be the first commercial scale offshore wind energy project in the U.S. and expects to begin installation in 2021.
The developer previously announced MHI Vestas as its preferred supplier and plans to power the site using the firm’s V164-9.5 megawatt turbines.
“MHI Vestas shares Massachusetts’ strategic commitment to affordable offshore wind power and sustainable energy solutions that will benefit future generations. By driving down the cost of energy through reliable wind turbine technology, MHI Vestas is the perfect partner for our company and the Commonwealth,” Pederson said.
