Commonwealth Wind Terminates Contracts with Energy Companies

File photo.

OAK BLUFFS – One of Avangrid’s offshore wind projects has agreed to a $48 million penalty as it terminates contracts with three electric companies.

The company attempted to negotiate contracts amid rising inflation, interest rates, and supply chain issues, but the state refused the request.

Commonwealth Wind will pay $26 million to Eversource, $22 million to National Grid, and $480,000 to Unitil, pending Department of Public Utilities approval. 

The wind farm is set to be located about 20 miles off of the southern coast of Martha’s Vineyard. 

Avangrid officials said that despite the cost, they intend to continue their offshore wind efforts and plan to bid again in the next round of contracts.

Avangrid is also behind the 800 Megawatt Vineyard Wind 1 project, which remains on-track for a 2024 launch.

About Grady Culhane

Grady Culhane is a Cape Cod native from Eastham. He studied media communications at Cape Cod Community College and joined the News Center in 2019.
737 West Main Street
Hyannis, MA 02601
Contact Us | Advertise Terms of Use 
Employment and EEO | Privacy