The first electricity is expected to flow from the landmark offshore Vineyard Wind 1 project this year.

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

Resource adequacy concerns and market rules and transmission infrastructure to support state clean energy policies highlight the issues facing ISO-NE in 2022.

Vineyard Wind partnered with Semco Maritime to build a maintenance facility in New Bedford, Mass., as part of the developer’s Commonwealth Wind proposals.