Avangrid, Copenhagen Infra power up five Vineyard Wind turbines

Avangrid

22/02/2024 17:46

Feb 22 (Reuters) - Renewable energy firm Avangrid
 AGR.N  and fund manager Copenhagen Infrastructure Partners said
on Thursday their joint venture, Vineyard Wind 1, has begun
operations at five of its wind turbines, supplying 68 megawatts
(MW) to the New England grid.
    Currently, the project has successfully installed nine
turbines and is in the process of installing the 10th, with
preparations underway to transport the 11th turbine to the
offshore project site.
    Offshore wind projects in the U.S. have been facing
financial troubles in recent months on account of inflation,
rising interest rates and an increase in project costs due to
supply chain issues.
    The industry is, however, expected to play a major role in
helping several states and President Joe Biden meet goals to
decarbonize the power grid and combat climate change.
    The 806-MW Vineyard Wind 1 project, offshore construction of
which began in late 2022, is located 15 miles off the coast of
Martha's Vineyard.
    Once completed, Vineyard Wind 1 will consist of 62 wind
turbines which can provide power to almost 400,000 Massachusetts
homes and businesses.

 (Reporting by Vallari Srivastava in Bengaluru; Editing by
Krishna Chandra Eluri)
 ((Srivastava.Vallari@thomsonreuters.com;))