Avangrid and Copenhagen Infrastructure Partners (CIP) have submitted the second annual report to the Massachusetts Department of Energy Resources entitled, “Vineyard Wind 1 Impact on Jobs and Economic Output.”
The report finds that Vineyard Wind 1 has created 937 union jobs through two years of construction, delivering nearly double of their commitment to create 500 union jobs as outlined in its Project Labor Agreement (PLA).
An 806 MW project located 15 miles off the coast of Martha’s Vineyard, Vineyard Wind is expected to generate electricity for more than 400,000 homes and businesses in the state.
In October, the companies signed the largest single asset tax equity financing package, the first such deal for a U.S. offshore wind project, says Avangrid.
The project received the first shipment of project components at the New Bedford Marine Commerce Terminal in May and began turbine installation in September. Currently, the project has installed five turbines.
“When we signed the PLA in July of 2021, we made a commitment to bring the trades and local communities into this project so they could get a foothold in a new industry,” says Klaus S. Møeller, of the Vineyard Wind Project and Vineyard Offshore. “I’m proud to say that we not only met that threshold, we’re set to more than double it by the end of construction.”
Vineyard Wind began offshore construction in late 2022, achieved steel-in-the-water in June, and completed the nation’s first offshore substation in July. Construction flows through the New Bedford Marine Commerce Terminal.
