Avangrid finalized an agreement to operate 800 MW offshore wind farm in USA
Avangrid Inc. has announced that it has finalized an agreement to act as an operations and management services provider for the 800 MW Vineyard Wind 1 project located off the coast of Massachusetts, USA.
The offshore wind farm is owned by a 50-50 Joint Venture between AVANGRID and Copenhagen Infrastructure Partners (CIP) funds. The facility has the capacity to generate enough energy to power over 400,000 homes while reducing carbon emissions by over 1.6 million tons per year.
Under the Operations and Maintenance Service Agreement and Asset Management Agreement, Avangrid will be responsible for overseeing the operation and management of the facility once construction is complete and commercial operations begin. This includes the supervision of critical tasks such as turbine, cable and substation maintenance, coordination of contractors, 24/7 control center services, trading and assets management.
The project is currently under construction and is expected to achieve commercial operations in 2024.
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