Avangrid s 8-GW offshore Vineyard Wind project appears on track to be the first large-scale US offshore wind farm, with the developer expecting a final investment decision in the second half of 2021 and start generation in 2023, executives said May 4.
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Avangrid s 23-GW pipeline of renewable energy projects and leadership in offshore wind will drive significant growth opportunities supported by favorable federal policies and strong demand for clean energy, Dennis Arriola, the company s CEO said during its first-quarter 2021 earnings conference call.
Avangrid is pioneering the US offshore wind industry starting with the first large-scale offshore wind project in the US, the Vineyard Wind 1 installation off the Massachusetts coast, Arriola said. Avangrid is owned by Spain s Iberdrola.
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A building wave for offshore wind energy surged out of the Biden administration, with March 29 announcements that set a goal of building 30,000 megawatts of capacity and opening up to 800,000 more acres for leasing in the New York Bight.
Two weeks later, the Bureau of Ocean Energy Management moderated the plan, withdrawing potential leasing areas off New York acknowledging conflicts with commercial fishing, maritime traffic and tourism that will be rife in the East Coast’s most crowded waters.
But on a broad scale, it appears to be full speed ahead for BOEM. Even during the Trump administration’s fitful approach to offshore wind, the agency itself worked consistently to make leasing possible for wind power developers.
In its rush to burnish its green bona fides, the Biden administration is showering billions of dollars of subsidies onto European offshore wind developers, and in the process threatening both the environment and the livelihoods of Atlantic coast commercial fishermen.
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