Vineyard Wind, a joint venture between Avangrid Renewables, a subsidiary of AVANGRID, Inc. (NYSE: AGR), and Copenhagen Infrastructure Partners (CIP), today received the Record of Decision (ROD) from the U.S. Department of the Interior Bureau of Ocean Energy Management (BOEM), the final major step in the federal review process for the first commercial scale offshore wind farm in the United States.
“Today’s Record of Decision is not about the start of a single project, but the launch of a new industry,” said Vineyard Wind CEO Lars T. Pedersen. “Receiving this final major federal approval means the jobs, economic benefits and clean energy revolution associated with the Vineyard Wind 1 project can finally come to fruition. It’s been a long road to get to this point, but ultimately, we are reaching the end of this process with the strongest possible project. I want to thank the Biden Administration, Secretaries Haaland and Raimondo and BOEM for their efforts in finalizing the review of this project. I also want to thank Governor Baker, the Massachusetts federal delegation and State Legislature for their steadfast commitment to seeing this endeavor through to today. And of course, I want to extend my sincerest appreciation to all our supporters and stakeholders for all of their work, input and dedication. We could not have reached this milestone without you.”
“We are very excited and proud to be part of the birth of an incredibly important new industry the U.S. Offshore wind is a key part of America’s clean energy future, and Vineyard Wind 1 is a major step forward to the clean and connected future we envision and work toward every day,” said AVANGRID CEO Dennis V. Arriola. “We appreciate the thorough review by BOEM as well as the considerable input from stakeholders. The broad engagement from many parties throughout this process has improved the project and positioned both Vineyard Wind 1 and the broader offshore wind industry for long-term success.”
“We are very proud to have been part of developing this landmark project,” said Christian T. Skakkebæk, a Senior Partner and Co-founder of CIP. “Vineyard Wind 1 is slated to become one of the world’s largest offshore wind projects, creating significant investments and good paying jobs in the U.S. For many years we have been actively engaged in the development of the U.S. offshore wind market, and we are confident that Vineyard Wind will pave the way for a successful and growing wind industry in the country. This market will play an important role for CIP’s renewable investments for years to come, and we look forward to being an integral part in the transition to green energy in the U.S.”
“Massachusetts should be proud that this decision launches the nation’s first commercial-scale offshore wind project here on the Commonwealth’s shores,” said Governor Charlie Baker. “This groundbreaking project will produce affordable, renewable energy, create jobs and prove Massachusetts developed a successful model for developing offshore wind energy. We appreciate the federal government’s partnership to grant this approval and look forward to working with Vineyard Wind to create thousands of jobs and set the Commonwealth on a path to achieve Net Zero emissions.”