Wednesday, December 21, 2022

CommonWealth Magazine: One vendor walks away while Christmas comes early for others

On the day when the Commonwealth Wind project got pulled, the State was giving awards for wind power development

"AVANGRID PULLED ITS Commonwealth Wind project out of the latest Massachusetts offshore wind procurement on Friday, and now many are wondering what the lone remaining participant, Mayflower Wind, will do. 

When Avangrid on October 20 asked the Department of Public Utilities for a one-month delay to negotiate adjustments to its power purchase agreement in the face of soaring inflation, rising interest rates, and supply chain challenges, Mayflower seconded that call.

After the DPU told the two wind farm developers to either stand by their original contracts or back out of the procurement, Mayflower stood by its original contract while Avangrid eventually decided to drop out."
Continue reading the article online at CommonWealth Magazine ->

"CHRISTMAS CAME early for the fledgling offshore wind industry in Massachusetts, as the Baker administration handed out $180 million on Tuesday for infrastructure improvements and businesses in New Bedford, Somerset, and Salem.

The money flowed, even though the wind farms the state is counting on to spur the industry are having difficulty financing their projects. The awards were announced at the state wind turbine testing facility in Charlestown.

The largest amount of money, $75 million, went to Crowley Maritime, which has purchased 42 acres on the Salem waterfront and is preparing to redevelop the property to support offshore wind development.

Another $45 million went for improvements to the state-owned New Bedford Marine Commerce Terminal, which has been open for years but will get its first offshore wind customer, Vineyard Wind, starting in January."
Continue reading the article online at CommonWealth Magazine ->

CommonWealth Magazine: One vendor walks away while Christmas comes early for others
CommonWealth Magazine: One vendor walks away while Christmas comes early for others

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