Vineyard Wind signs staging lease deal with New Bedford terminal

Offshore wind turbines. Source: LICengineering

October 23 (Renewables Now) - Vineyard Wind, the developer of the 800-MW wind project off Massachusetts, has signed a lease agreement with the state’s staging terminal to handle most of the onshore deployment activities from New Bedford.

The lease for the New Bedford Marine Commerce Terminal, operated by the Massachusetts Clean Energy Center, has an 18-year term, the state economic development agency announced on Monday. The lease amount stands at USD 6 million (EUR 5.2m) per year.

Vineyard Wind, a 50/50 partnership between Copenhagen Infrastructure Partners (CIP) and Avangrid Renewables LLC, was in May selected as the winner in Massachusetts' offshore wind solicitation to build an 800-MW wind farm 15 miles (24 km) south of Martha's Vineyard. As previously announced, the developer envisages the start of construction to be next year, while commissioning will take place by 2021.

Terms of the lease deal, allowing Vineyard Wind to use the terminal as the primary staging and deployment base for its offshore wind project, were negotiated in 2016, when Massachusetts governor's administration signed a Letter of Intent (LoI) with the three companies vying for leases in the federal offshore wind zone. The parties, including Vineyard Wind, Denmark’s Ørsted SA (CPH:ORSTED) and Deepwater Wind LLC, then committed to use the terminal as a staging and deployment site for future wind projects.

The final acceptance of the Vineyard Wind contract is pending clearance from the Massachusetts Department of Public Utilities (DPU), expected to be completed early next year. Development of the scheme is also contingent on state and federal approvals.

(USD 1.0 = EUR 0.873)

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Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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