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Citing cost increases, Avangrid asks to back out of offshore wind project off Martha’s Vineyard

Por: The Boston Globe Business December 17, 2022

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The state’s nascent offshore wind industry suffered a big setback on Friday when Avangrid told state regulators it wants to end its contracts with three major utilities to build a massive wind farm south of Martha’s Vineyard.The move, made in a filing with the state Department of Public Utilities, was not unexpected: Avangrid had been trying to renegotiate contracts for its 1,200-megawatt Commonwealth Wind project to no avail, arguing that... + full article



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