Items Tagged with 'Commonwealth Wind'

Avangrid announced Wednesday that its net income increased 16% in 2022 over 2021 but projected flat financials in 2023.

Two major offshore wind power developers are warning again of economic problems with projects off the New York and New England coasts.

Massachusetts regulators denied Avangrid’s request to back out of PPAs for the 1,200-MW Commonwealth Wind project it committed to build off the state’s coast.

Wind power development off the Northeast U.S. coast continued to advance in 2022, with New York especially seeing a "banner year," according to an OSW advocate.

Avangrid has moved to terminate power purchase agreements for Commonwealth Wind, a 1.2-GW offshore wind project it is developing in Massachusetts.

Negotiations will continue on two Massachusetts offshore wind projects that developers have declared financially unviable.

Massachusetts regulators have rejected developers’ requests to pause the review of their power purchase agreements for two planned offshore wind projects.

Avangrid declared the Commonwealth Wind project is no longer financially viable, potentially delaying the effort to site wind power off Massachusetts' coast.

Avangrid’s CEO said during an earnings call that the lease areas that the company now directly controls are “undervalued based on current market prices.”

Massachusetts chose two offshore wind projects totaling 1,600 MW, potentially bringing the state's offshore wind total to 3,200 MW.