Avangrid, CIP Announce Successful Installation of the First Turbine for Vineyard Wind 1

Rhea-AI Summary

Avangrid and Copenhagen Infrastructure Partners announce the successful installation of the first GE Haliade-X Wind Turbine Generator for the Vineyard Wind 1 project, which will power more than 400,000 homes and businesses in Massachusetts.

Positive

• The Vineyard Wind 1 project has completed the installation of the first GE Haliade-X Wind Turbine Generator, which has a nameplate capacity of 13 Megawatts and can provide power to more than 6,000 homes and businesses in Massachusetts.
• The project will consist of 62 wind turbines generating 806 Megawatts, enough to power more than 400,000 homes and businesses in Massachusetts.
• The completed turbine represents the largest turbine in the western world.
• The project is expected to reduce carbon emissions by more than 1.6 million metric tons per year.
• Vineyard Wind signed the first Project Labor Agreement for an offshore wind project in the United States, which will create 500 union jobs.

Negative

• None.

GE Haliade-X Is First of 62 Wind Turbines for First-in-the-Nation Project that Will Power More than 400,000 Homes and Businesses in Massachusetts

BOSTON--(BUSINESS WIRE)-- Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, and Copenhagen Infrastructure Partners (CIP), a global leader in green energy investment, today announced that that the Vineyard Wind 1 project completed the successful installation of the first GE Haliade-X Wind Turbine Generator (WTG) for the first-in-the-nation Vineyard Wind 1 project. The completed turbine is comprised of one tower, three blades, and one nacelle, and the fully assembled machine represents the largest turbine in the western world, with a nameplate capacity of 13 Megawatts, capable of providing power to more than 6,000 homes and businesses in Massachusetts.

The final blade is installed on the first GE Haliade-X Turbine for the Vineyard Wind 1 Project. (Photo: Business Wire)

“This is a monumental achievement and a proud day for offshore wind in the United States that proves this industry is real and demonstrates Avangrid’s steadfast commitment to helping the Northeast region meet its clean energy and climate goals,” said Avangrid CEO Pedro Azagra. “While this is a landmark for this first-in-the-nation project and the industry, we remain focused on the important work ahead to continue the successful installation campaign of these massive turbines and deliver the first power to Massachusetts homes and businesses this year.”

“This complete turbine is a monument to the hard work and belief in our construction and project teams, and countless partners in our neighboring communities,” said Tim Evans, Partner and Head of North America for CIP. “Vineyard Wind is the future of American offshore wind, and it’s a future full of clean, sustainable energy and tremendous potential for job creation and reducing carbon pollution. Offshore wind continues to be a cornerstone in our investment strategy, with the U.S. market playing a central role.”

The project will consist of 62 wind turbines to generate 806 Megawatts, enough to power more than 400,000 homes and businesses in Massachusetts.

“Having the first offshore wind turbine in the water for the first commercial offshore wind farm in the US is an important symbolic milestone for our company, our customers, and our industry,” said Jan Kjaersgaard, CEO GE Vernova Offshore Wind. “It shows that our teams are making tangible progress on delivering on the significant potential of offshore wind. We are particularly proud to be using our Haliade-X 13 MW turbine to support Vineyard Wind in this endeavor and look forward to continuing to work together with them and all of our partners to bring this historic project to life.”

“The successful assembly of the first Wind Turbine Generator represents an important project milestone and another historic first for our port,” said New Bedford Mayor Jon Mitchell. “It further demonstrates New Bedford’s capacity to support the staging of major wind projects.”

“The completion of the first generator is a milestone for Vineyard Wind, as the project continues to press onwards towards the completion of the country’s first commercial offshore wind farm, which will bring power from the wind directly into homes around Massachusetts,” said Senate President Karen E. Spilka. “It’s wonderful to see this progress happening right in our own backyard, and I’m eager to see this project continue to move forward.”

“With the completion of Vineyard Wind’s first turbine, we are witnessing the country’s wind energy future come to fruition right off our shores,” said State Senator Julian Cyr. “This impressive feat means we are on the edge of significant clean energy production for Massachusetts residents and the new job opportunities and economic growth that it brings to our region. Islanders and Cape Codders should be immensely proud to lead the nation in stemming the climate crisis.”

“To see the fully constructed Wind Turbine Generator is to realize the promise of the Offshore Wind industry – clean, green jobs; new green energy to combat the climate crisis and reduce rates for consumers; and the successful collaboration between our public, private, and Labor partners,” said State Representative Antonio F.D. Cabral. “The City of New Bedford continues to secure its legacy in this latest historic achievement as a site that fosters innovation, collaboration, and vision for a green, equitable, and sustainable future for all residents throughout the Northeast. To witness what had begun as a conversation many years ago materialize as a fully assembled wind turbine is truly remarkable and I commend all the partners, particularly our local tradespeople, who delivered on this promise.”

"With the completion of the first wind turbine generator we have taken another definitive step towards a Commonwealth free of fossil fuels," said State Representative Christopher Markey. "The turbine is not only a symbol of green energy but a symbol of economic opportunity. It stands as an example and a promise of continued economic growth in our region."

“Today’s historic milestone is about firsts: the first completed turbine of the first commercial-scale offshore wind farm in the United States,” said State Representative Jeffrey N. Roy (D-Franklin), House Chair of the Joint Committee on Telecommunications, Utilities, and Energy. “And it all started with the foresight of now-Speaker Mariano and the House to see the incredible potential of the offshore wind industry to combat climate change, drive economic growth, and generate clean, affordable energy. I applaud Vineyard Wind and the Commonwealth's many partners in industry and labor who have worked tirelessly to transform this vision into reality.”

“Nation-leading offshore wind policy has led to the first utility-scale wind farm off the coast of our district bringing with it clean energy and good-paying year-round jobs,” said State Representative Dylan Fernandes. “This turbine represents years of hard work and also reminds us of the important work ahead to combat global warming and provide a livable planet for future generations.”

From the outset of this project, Vineyard Wind recognized the importance of building and supporting a workforce of local, highly skilled and diverse tradespeople. The valuable collaboration with union leadership on this project is a prime example of how this new industry can be a responsive member of the communities it serves, ensuring accessible and family-sustaining careers.

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. In July 2021, Vineyard Wind signed the first Project Labor Agreement for an offshore wind project in the United States, which outlined the creation of 500 union jobs though the project.

An 806-megawatt project located 15 miles off the coast of Martha’s Vineyard, Vineyard Wind will generate electricity for more than 400,000 homes and businesses in the Commonwealth of Massachusetts, create 3,600 Full Time Equivalent (FTE) job years, save customers $1.4 billion over the first 20 years of operation, and is expected to reduce carbon emissions by more than 1.6 million metric tons per year, the equivalent of taking 325,000 cars off the road annually.

About Copenhagen Infrastructure Partners
Founded in 2012, Copenhagen Infrastructure Partners P/S (CIP) today is the world’s largest dedicated fund manager within greenfield renewable energy investments and a global leader in offshore wind. The funds managed by CIP focuses on investments in offshore and onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity, storage, advanced bioenergy, and Power-to-X. CIP manages ten funds and has to date raised approximately EUR 26 billion for investments in energy and associated infrastructure from more than 150 international institutional investors. CIP has approximately 400 employees and 12 offices around the world. For more information, visit www.cip.com

About Avangrid: Avangrid, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $41 billion in assets and operations in 24 U.S. states, Avangrid has two primary lines of business: networks and renewables. Through its networks business, Avangrid owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Through its renewables business, Avangrid owns and operates a portfolio of renewable energy generation facilities across the United States. Avangrid employs more than 7,500 people and has been recognized by JUST Capital in 2021, 2022 and 2023 as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2023, Avangrid ranked first within the utility sector for its commitment to the environment. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2023 for the fifth consecutive year by the Ethisphere Institute. Avangrid is a member of the group of companies controlled by Iberdrola, S.A. For more information, visit www.avangrid.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231018113020/en/

Avangrid

Craig Gilvarg

craig.gilvarg@avangrid.com

(857) 998-1130

CIP

Oliver Routhe Skov

orsc@cisc.dk

+4530541227

Vineyard Wind

Andrew Doba

adoba@vineyardwind.com

(617) 362-3872

Source: AVANGRID, Inc.

FAQ

What is the name of the project that completed the installation of the first GE Haliade-X Wind Turbine Generator?

The project is called Vineyard Wind 1.

How many wind turbines will the Vineyard Wind 1 project consist of?

The project will consist of 62 wind turbines.

How much power can the first GE Haliade-X Wind Turbine Generator provide?

The turbine has a nameplate capacity of 13 Megawatts and can provide power to more than 6,000 homes and businesses in Massachusetts.

How much carbon emissions is the project expected to reduce?

The project is expected to reduce carbon emissions by more than 1.6 million metric tons per year.

How many union jobs will be created through the project?

The project will create 500 union jobs.