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.

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