Vineyard Wind 1 Becomes the First Commercial Scale Offshore Wind Farm in the US to Achieve Financial Close

Copenhagen Offshore Partners (COP) is leading the development of the Vineyard Wind 1 project on behalf of Copenhagen Infrastructure Partners (CIP) and the project owners.

Vineyard Wind will build the first commercial scale offshore wind energy project in the US, 15 miles south of Martha’s Vineyard. Onshore work will begin this Fall (in Barnstable), with offshore work commencing in 2022. The first power from Vineyard Wind 1 will be delivered to the grid in 2023.

There have been many milestones passed over the last several months. Financial closure, the most important milestone, means that everything is now in place to start construction. The launching of a new industry will immediately start to create jobs, combat climate change and power the economies of coastal communities.

Vineyard Wind 1 is an 800 MW project and will generate electricity for more than 400,000 homes and businesses in the Commonwealth of Massachusetts. It will save ratepayers $1.4 billion over the first 20 years of operation and is expected to reduce carbon emissions by more than 1.6 million tons per year.

Find the link to the full press release at https://www.vineyardwind.com