Vineyard Wind Lease Signing Monday

NEW BEDFORD –Governor Charlie Baker, Lt Governor Karen Polito and New Bedford Mayor Jon Mitchell will be meeting with Vineyard Wind CEO Lars Thaaning Pederson to sign the lease for the New Bedford Marine Commerce Terminal.

The signing will take place at the terminal in New Bedford at 3:30 Monday afternoon. Vineyard Wind plans to construct an 800 megawatt wind turbine farm about 14 miles south of Martha’s Vineyard with Construction slated to begin in 2019.

On Thursday night the Barnstable Town Council voted unanimously to approve a transmission cable at Covell’s Beach that will connect the project with the regional electric power grid. This vote follows the negotiation of a Host Community Agreement between the company and the town that will see Barnstable paid more than $35 million over the span of the anticipated 25 year lifespan of the project.

“I want to commend Town Manager Mark Ells, Town Attorney Charlie McLaughlin and Vineyard Wind for the cooperative spirit that I’ve seen during negotiations,” said Councilor John Flores at Thursday night’s meeting. “The Town is taking into consideration what’s in the best interests of the community, including safety, which is critical, while protecting water resources and our aquifer to make sure there are no issues for us.”

“We are thrilled to partner with the town of Barnstable as we move forward to make offshore wind a reality here in Massachusetts,” said Erich Stephens, the Chief Development Officer for Vineyard Wind. “Town Council and staff have worked diligently to protect community interests and capture numerous benefits associated with this project. We appreciate the trust and confidence Barnstable has placed in us and our project and thank them for their hard work and flexibility over the past year of discussions. We look forward to a long and mutually beneficial relationship with the town.

The lease signing will be held this afternoon in the lobby of the New Bedford Marine Commerce Terminal, the public is invited.

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