EnergyWatch

CIP partner eyes chance to accelerate US offshore wind

Avandrid sees an opportunity to complete the entire Vineyard Wind offshore wind farm one year ahead of schedule, which will trigger higher tax credit subsidy rates.

Photo: Vineyard Wind

The US's first large-scale offshore wind farm could become operational earlier than originally planned.

During the presentation of its annual financial statement for 2018, Spanish Iberdrola's US subsidiary Avangrid aired the possibility of the Vineyard Wind project – which is being developed by a consortium including Danish Copenhagen Infrastructure Partners – could reach completion in 2021. Thus far, the consortium planned to only have the first 400 MW phase installed by that time.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Norway awards more than 50 new oil licenses

Norwegian oil giant Equinor has received almost half of the new licenses on the Norwegian continental shelf where there is still significant interest in new oil and gas deposits.

Further reading

Related articles

Latest News

See all jobs