Vineyard Wind Names MHI Vestas Offshore Wind as Preferred Supplier for USA’s First Utility-Scale Offshore Wind Farm
FOR IMMEDIATE RELEASE
MHI Vestas to supply turbines for Vineyard Wind’s 800 MW project in Massachusetts
(New Bedford, MA; November 27, 2018) – Vineyard Wind announced today that it has named MHI Vestas Offshore Wind as preferred supplier for its 800-megawatt (MW) wind farm in federal waters south of Martha’s Vineyard and approximately 34 miles south of the Cape Cod mainland. The project is expected to include 84 units of the MHI’s V164-9.5 MW™ offshore wind turbine, which was named Best Offshore Turbine 2017 by Windpower Monthly Magazine.
“We are pleased to announce the selection of MHI Vestas Offshore Wind as preferred supplier for the United States’ first utility-scale offshore wind farm,” said Lars Pedersen, CEO of Vineyard Wind. “MHI Vestas shares Massachusetts’ strategic commitment to affordable offshore wind power and sustainable energy solutions that will benefit future generations. By driving down the cost of energy through reliable wind turbine technology, MHI Vestas is the perfect partner for our company and the Commonwealth.”
“We feel honored to have been selected as preferred supplier for the first large-scale offshore wind project in the United States,” said MHI Vestas CEO, Philippe Kavafyan. “In bringing the V164-9.5 MW turbine to Massachusetts, Vineyard Wind ensures that the Commonwealth will be home to our most recent technology that is extremely well suited to conditions along the eastern seaboard. We look forward to partnering with Vineyard Wind to help Massachusetts achieve its climate targets and bring clean energy jobs to the region.”
Vineyard Wind continues to advance through the permitting process toward the onset of construction in 2019 and operations by 2021 following the award and execution of long-term contracts between the company and Massachusetts’ electric distribution companies. When the Vineyard Wind project becomes operational, it will reduce Massachusetts’ carbon emissions by more than 1.6 million tons per year, or the equivalent of removing 325,000 cars from state roads while offering $3.7 billion in energy-related cost savings to the New England region over the life of the project.
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About MHI Vestas Offshore Wind
MHI Vestas Offshore Wind is a joint venture between Vestas Wind Systems A/S 50% and Mitsubishi Heavy Industries (MHI) 50%. The company’s focus is to design, manufacture, install and service wind turbines for the offshore wind industry. The company aims to create sustainable value through offshore wind power by driving capital and operating savings and increasing the power output of wind turbines. An innovative force in offshore wind since its inception in 2014, the company is guided by its founding principles of collaboration, trust, technology and commitment. For more information, see www.mhivestasoffshore.com or follow @MHIVestas on Twitter.
About Avangrid Renewables
Avangrid Renewables, LLC is a subsidiary of AVANGRID, Inc. (NYSE: AGR) and part of the IBERDROLA Group. It is a leading renewable energy company in the United States, owning and operating a portfolio of renewable energy generation facilities primarily using wind power. IBERDROLA, S.A., is an energy pioneer with the largest renewable asset base of any company in the world. Avangrid Renewables is headquartered in Portland, Oregon. For more information, visit www.avangridrenewables.us.
About Copenhagen Infrastructure Partners
Copenhagen Infrastructure Partners P/S (CIP) is a fund management company focused on energy infrastructure. CIP and its projects have offices in Copenhagen, the UK, the US, Germany, and Taiwan. CIP focuses on investments in regulated and long term contracted energy infrastructure. This includes offshore wind, onshore wind, solar PV, biomass and waste-to-energy, transmission and distribution, and other energy assets like reserve capacity and storage.
CIP manages four funds and has approximately $8.2 billion under management. Copenhagen Infrastructure I K/S (CI I), CI Artemis K/S (CI A), and Copenhagen Infrastructure II K/S (CI II) combined have capital commitments of $4 billion and are fully invested. CI I and CI A have PensionDanmark as founding and sole investor, while CI II has 19 Danish and international institutional investors. CI III had a final close in March 2018 with $4.2 billion in capital commitments from 42 investors comprised of institutional investors from the Nordics, Continental Europe, Israel, the UK, Australia, Asia, and multi-lateral organisations such as the European Investment Bank.
For more information visit www.cipartners.dk
About Vineyard Wind
Vineyard Wind LLC is an offshore wind development company seeking to build the first large-scale offshore wind energy project in the US, to be located 15 miles south of Martha’s Vineyard. Vineyard Wind, based in New Bedford, Massachusetts, is 50 percent owned by funds of Copenhagen Infrastructure Partners (CIP) and 50 percent by Avangrid Renewables. For more information, visit www.vineyardwind.com.
Vineyard Wind Press Contact: Press@vineyardwind.com
MHI Vestas Press Contact: Michael Morris, +45 8844 8950, mijmo@mhivestasoffshore.com