Dong Energy and Eversource Energy to be 50-50 partners to develop Bay State offshore wind project
Written By: Stratton Report
December 14, 2016
On December 14, DONG Energy announced it had teamed with Eversource Energy Bay State Wind in order to jointly develop the Bay State offshore wind project. Eversource has acquired a 50 percent ownership interest in the project.
Per the firms, DONG’s Energy Wind Power U.S. Inc. and Eversource will develop, construct and operate the utility-scale offshore wind project in a 50-50 partnership, with DONG Energy leading the development and construction of the project’s offshore generation and transmission assets and Eversource developing and construct the onshore transmission system.
DONG stressed that the proposed offshore wind farm would be located approximately 15-25 miles south of Martha’s Vineyard in an area that has the potential to develop at least 2,000-MWs of electricity.
Samuel Leupold, EVP and CEO of DONG Energy Wind Power remarked: “Offshore wind has great potential in the U.S., and I am very pleased that we are entering into a strategic partnership with Eversource to develop our first project in New England. Offshore wind will add to the diversity, and the security, of Massachusetts’ energy mix.”
Jim Judge, President and CEO of Eversource Energy noted:
“New England is setting the pace for a national clean energy future with its proven track record in energy efficiency and bold clean energy goals. Our partnership with DONG Energy on Bay State Wind represents a significant opportunity to help make those goals a reality and we look forward to delivering this renewable and reliable source of power to customers.”
Thomas Brostrøm, General Manager for DONG Energy Wind Power U.S. Inc. remarked: “Offshore wind is a reliable home-grown energy source that can be delivered at scale to Massachusetts residents and businesses. New England’s water depths and wind speeds are similar to those in Europe and provide attractive conditions.”
DONG Energy emphasized that it had secured project development rights to a 300 square mile ocean area 15-25 miles off the coast of Martha’s Vineyard that was made available for lease by the U.S. Bureau of Ocean Energy Management in a competitive solicitation. The firm also noted that Massachusetts’ mandate for 1,600 MW of offshore wind power by 2027 will result in a state-led procurement process that will begin in June 2017.