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Massachusetts approves SouthCoast Wind I shore transmission facilities

Global, News

The SouthCoast Wind 1 offshore wind farm, developed by Ocean Winds, has secured critical approvals from Massachusetts for its onshore transmission facilities at Brayton Point in Somerset. The Massachusetts Energy Facilities Siting Board has granted a construction and operation permit for the facilities, while the Department of Environmental Protection has issued a Chapter 91 Waterways license for nearshore infrastructure. Additionally, the Office of Coastal Zone Management has completed its federal consistency review for the project….

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Iberdrola wins 791 MW offshore wind project in Massachusetts

Global, News

Iberdrola, through its US subsidiary Avangrid, has won a 791 MW contract to develop the New England Wind 1 offshore wind farm, which will provide clean energy to 400,000 homes in Massachusetts. The project is expected to attract $3 billion in regional investments, including a new marshalling port in Salem and a wind manufacturing facility in New Bedford. Construction is set to begin in 2025, pending approval of the power purchase agreement, with full operations…

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US BOEM releases final EIS for SouthCoast Wind Project

Global, News

The US Bureau of Ocean Energy Management (BOEM) has issued its final environmental impact statement (EIS) for the 2.4 GW SouthCoast Wind Project, which, if approved, could power approximately 800,000 homes.   The SouthCoast Wind proposal includes up to 147 turbines, five offshore substations, and eight export cables, with landfall options at Brayton Point or Falmouth, Massachusetts. The project’s lease area covers about 127,388 acres, located 26 nm south of Martha’s Vineyard. Public input during a…

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Avangrid and Invenergy secure Gulf of Maine offshore wind leases

Global, News

Avangrid Renewables and Invenergy NE Offshore Wind have won two lease areas each in the Gulf of Maine through a US government-led offshore wind lease sale conducted by the Bureau of Ocean Energy Management (BOEM).  This sale marks the sixth offshore wind lease under the Biden-Harris administration and the first for commercial floating offshore wind on the Atlantic coast. Avangrid acquired leases OCS-564 (98,565 acres) for $4.9 million and OCS-568 (124,897 acres) for $6.2 million….

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Shell Energy to acquire 609 MW combined-cycle gas turbine power plant in US

Global, News

Shell Energy North America (SENA), a subsidiary of Shell, has agreed to acquire a 609 MW, two-unit combined-cycle gas turbine power plant located in Johnston, Rhode Island, US. The purchase agreement has been signed with RISEC Holdings, a subsidiary of EGCO RISEC II, and Carlyle’s subsidiaries, Cogentrix RISEC CPOCP and Cogentrix RISEC CPP II. EGCO RISEC II, part of Thailand’s Electricity Generating Public Company (EGCO), will divest 49% of its stake in the plant, while…

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Avangrid sells Kitty Hawk North offshore wind lease area to Dominion

Global, News

Avangrid has completed the sale of its 40,000-acre Kitty Hawk North offshore wind lease area to Dominion Energy for $160 million. The transaction includes a $117 million lease acquisition payment and reimbursement for associated development costs. The sale agreement was initially signed in July 2024. Avangrid, part of the Iberdrola Group, retains the rights to Kitty Hawk South, where it plans to develop up to 2.4 GW of offshore wind capacity, supplying power to Virginia,…

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Iberdrola to acquire remaining 18% stake in Avangrid for $2.55bn

Global, News

Spanish utility Iberdrola has announced that Avangrid shareholders have approved its $2.55 billion proposal to acquire the remaining 18% stake in the company. Shareholders will receive $35.75 per share, representing a 15.2% premium over the 30-day weighted average price before the acquisition’s March announcement. The acquisition will enhance Avangrid’s ability to secure financial resources needed for investments in transmission and distribution networks in states like New York, Connecticut, Maine, and Massachusetts. Following regulatory clearances, Avangrid…

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US to hold first offshore wind lease auction in Gulf of Maine in October

Global, News

The US Department of the Interior (DOI) will hold its first offshore wind energy lease auction for the Gulf of Maine on 29 October 2024. The auction will offer leases for eight areas off the coasts of Massachusetts, New Hampshire, and Maine, with the potential to generate 13 GW of power, enough to supply 4.5 million homes. The Bureau of Ocean Energy Management (BOEM) reduced the available acreage by 120,000 from the initial proposal to…

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Michigan’s Gotion High-Tech project faces opposition amid U.S.-China tensions

Global, News

The plan for a $2.36 billion lithium-ion battery factory by Chinese company Gotion High-Tech in Big Rapids, Michigan, has encountered significant opposition from U.S. lawmakers and local residents. Initially hailed by Governor Gretchen Whitmer as a major economic development project, the factory aims to create thousands of jobs. Leading the opposition is Republican Rep. John Moolenaar of Michigan, who accuses Gotion of ties to forced labour and potential espionage for Beijing. Moolenaar’s concerns reflect the…