Page 49 - Commonwealth Wind News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The parent company of Commonwealth Wind says it can no longer build the wind farm at the prices negotiated with Massachusetts electric companies. Avangrid previously sought to renegotiate the contracts, but the state refused. On Friday, the company filed papers asking the Department of Public Utilities to dismiss the approval proceedings for its offshore wind contracts with Eversource, National Grid, and Unitil. Avangrid said price pressures — including the war in Ukraine, supply shortages, rising interest rates, and inflation broadly — have increased the cost of building Commonwealth Wind...

On 20 December, Massachusetts Governor Charlie Baker and Lt. Governor Karyn Polito announced the award of USD 180 million in funding for projects supporting offshore wind development, including USD 75 million for upgrades at the Port of New Bedford and USD 75 million for redevelopment of a site in Salem that could also support floating wind.

As part of the Biden-Harris administration’s goal of deploying 30 gigawatts of offshore wind energy capacity by 2030, today the Bureau of Ocean Energy Management (BOEM) announced the availability of its draft Environmental Impact Statement (EIS) for the proposed New England Wind energy project offshore Massachusetts.

After months of back-and-forth, the company behind a large commercial wind farm planned for south of Martha’s Vineyard has requested to pull its project contracts, citing rising construction costs and an inability to renegotiate pricing.

Declaring that the largest offshore wind farm in the state's pipeline cannot be financed and built under existing contracts, Commonwealth Wind on Friday asked Massachusetts regulators to scrap the agreements the company reached with utilities and reopen a new round of bidding.